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International beverage company to buy New Belgium Brewing

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Lion Little World Beverages, a global craft beverage company with ties to Australia, New Zealand and Japan, signed on to purchase Colorado-based New Belgium Brewing Co.

The all-cash deal is expected to close by year's end. Financial terms were undisclosed.

New Belgium currently has an employee stock ownership plan. Over 300 of its employees will receive "$100,000 of retirement money, with some receiving significantly greater amounts," co-founder Kim Jordan said in an open letter.

New Belgium is known for its Fat Tire beer, among other selections.

Read more from the Fort Collins Coloradoan.

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