Beau’s All Natural Brewing Company, an organic craft beer maker, is launching an employee share ownership plan on July 1 as it celebrates its 10-year anniversary.
The independent brewery, which operates in Vankleek Hill, Ont., announced the plans to employees on Tuesday. “On our birthday, we begin the process of selling the brewery to our employees,” said Steve Beauchesne, chief executive officer of the company.
“By handing the reins over to our employees we are saying this changes everything, because this change is everything.”
Over the past 10 years, the brewery has experienced rapid growth at a compounded rate of 45 per cent year-over year, according to a press release. Today, it employs 150 people. “The offering of the [employee share ownership plan] is in keeping with Beau’s legacy as a fiercely independent, Canadian owned and family-run operation,” said the release.
“The employees will become co-owners and an even greater part of the Beau’s family, with shared responsibility for the brewery’s future and continued growth as it sets to expand across the country by the end of the year.”