In another major blow to the Colorado beer industry in the last two months, New Belgium Brewing on Tuesday announced that after nearly 30 years in the craft beer business, the employee-owned company is selling to Australian-based Lion Little World Beverages, a subsidiary of Japanese company Kirin Holdings Company Limited. New Belgium is currently the largest craft brewery in Colorado and the fourth-largest in the U.S., behind Yuengling, Boston Beer and Sierra Nevada, according to the Brewers Association.