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Boulevard Brewery Founder Discusses Exit Strategy

The Boulevard Brewery announced Oct. 17 that it had been sold to a 142-year old Belgian company called Duvel Moortgat Brewery. Photo courtesy KCUR.
The Boulevard Brewery announced Oct. 17 that it had been sold to a 142-year old Belgian company called Duvel Moortgat Brewery. Photo courtesy KCUR.

Kansas City’s hometown brewery under new ownership

Listen to the story on KCUR’s website.

When Boulevard Brewery founder John McDonald started his micro-brewery 24 years ago, he wasn’t even thinking of an exit strategy. His original business plan included 7,000 barrels per year and seven employees. He now produces 190,000 barrels and has 125 employees.

But McDonald turned 60 this year, and he says he knew it was time to consider his options for transitioning out of the company. So, on Oct. 17, Kansas City’s favorite brewery announced that it had been sold to a 142-year old Belgian company called Duvel Moortgat Brewery.

McDonald, along with University of Missouri-Kansas City Associate Professor of Economics Eric Olsen, weighed in on the sale during a recent segment of KCUR-FM’s Central Standard.

KUCR-FM is a service of the University of Missouri-Kansas City.

 


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