Now Jordan and Cantwell are teaming up to take control of Magnolia Brewing, a respected English-style brewpub with two locations in San Francisco, where the two live part-time. Magnolia filed for bankruptcy in 2015 but has continued to operate. On Thursday, Cantwell and New Belgium, along with Belgian lambic producer Oud Beersel, announced that they have purchased Magnolia's assets out of bankruptcy. The newly formed partnership will be a majority-owned subsidiary of New Belgium, with Cantwell and Oud Beersel as minority partners.
"The partnership will continue to operate both Magnolia locations with existing staff and brands," New Belgium says. "Cantwell will head up brewing operations, working alongside Magnolia founder Dave McLean, who will be an employee of the partnership. It will be Dick’s first brewing gig since leaving Elysian."
And the goal isn't to turn Magnolia's two locations into New Belgium brewpubs, but to create something new. "It is likely that much will seem unchanged in Magnolia’s tap lineup, even as new beers are developed and introduced."
"For the last several years, we have been looking at ways to diversify and to expand the community of New Belgium a bit," brewery spokesman Bryan Simpson tells Westword. "Our founder and her boyfriend live in San Francisco for a good part of the year, and they know Dave McLean really well. He is in a tight spot, so this worked out in a win-win-win type of way. It gives Magnolia a chance to live on and celebrates the spirit of what has been going on there, and it allows us to carve out some space for Dick."
Simpson says New Belgium isn't actively looking to buy other craft breweries, but that it will look toward other opportunities in the future, noting that "if the right scenario came along, we would be open to it."
Oud Beersel, which has a history going back to 1882 in Brussels, will join the partnership with a special mission in mind: it plans to ship containers of its "traditionally produced and spontaneously fermented" creations to San Francisco, where they will be blended with Magnolia-crafted beers.
To be called a "lambic," a beer must be produced in Belgium, so by sending it to the U.S, "the world’s first dedicated lambic blendery outside of Belgium will be established," New Belgium says. "The project continues New Belgium’s blending work as embodied in Transatlantique Kriek, a beer produced over several years with Oud Beersel and Brouerij Boon, wherein beer was shipped from Belgium for blending with New Belgium wood-aged beers."
New Belgium is also likely to ship beer to San Francisco, where the new owners will install a coolship and a variety of wooden aging vessels.
The transaction is expected to close in September.