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November 6, 2007

Industry pros buy The Lion

Two beverage industry veterans have purchased The Lion Brewery, with investment support from Blue Point Capital Partners. Ron Hammond will be CEO and Cliff Risell will be president. Both served in executive positions with large soft drink bottlers before deciding a year ago to look for a business to buy.

“Certainly we want to grow the business,” Hammond said Tuesday afternoon. He said employees should not be affected by the change in ownership and that former owners Chuck Lawson and Patrick Belardi would continue to be involved.

Lawson led the 1999 purchase of the brewery that opened in 1905, paying $18.5 million. Hammond declined to provide the price he and Risell paid.

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