Big news brewing at Beau's All Natural: Canadian craft brewery announces intent to sell
17 May, 2016, 08:25 ET
VANKLEEK HILL, ON, May 17, 2016 /CNW/ - Yesterday morning, Steve Beauchesne, CEO of Beau's All Natural Brewing Company, Canada's largest craft producer of organic beer, took centre stage in Ottawa's ByTowne Cinema amidst the brewery's employees to announce the news of its imminent sale under an Employee Share Ownership Plan (ESOP).
Since its inception in 2006, Beau's has experienced rapid growth at a compounded rate of 45 per cent year-over-year, and now employs approximately 150 full time staff. The offering of the ESOP is in keeping with Beau's legacy as a fiercely independent, Canadian owned and family-run operation. 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.
"My Dad and I started Beau's ten years ago with the promise of making excellent, flavourful beer, and using our brewery as a force for good," says Steve Beauchesne, CEO of Beau's All Natural Brewing Company. "Our success during this time is strongly rooted in the support of our employees and fans, who have always believed in our promise."
On July 1, 2016, Beau's tenth anniversary, the company will start the process of selling the brewery to its employees.
ESOP offerings are particularly rare in the craft beer category, with only a select handful across North America, signaling Beau's fearlessness to go against the grain in order to maintain the integrity and independence of their company.
"By handing the reins over to our employees we are saying this changes everything, because this change is everything," adds Beauchesne. "We look forward to our expansion and success across Canada, with the help of our new company stewards."
2016 marks an exciting year for Beau's. This announcement comes as Beau's reaches the milestone of ten years, and will be followed by a series of commemorative initiatives – from now through June 2017 – including philanthropic projects, community recognition, merchant appreciation, limited-edition brews, and a fresh new brand look and feel.
About Beau's All Natural Brewing Company
Founded on July 1, 2006, Beau's All Natural Brewing Company (Beau's) is an independent, Canadian craft brewery run by a close-knit family and friends. Beau's is Canada's largest craft producer of organic beer. The Certified Benefit Corporation (B-Corp) produces certified organic beer including its flagship Lug-Tread, Kissmeyer Nordic Pale Ale, and The Tom Green Beer. The company supports hundreds of independent arts and community-building charitable organizations every year. Founded by father and son, Tim and Steve Beauchesne, the independent brewery will be rolling out its portfolio of craft beers across the country, expanding into major markets from the west to the east coast. Beau's is currently available in Ontario, Québec and New York.
SOURCE Beau's All Natural Brewing Company
Video with caption: "Video: Beau's CEO/Co-Founder Steve Beauchesne and President/Co-Founder Tim Beauchesne announcing the news of Beau's imminent sale to employees". Video available at: http://stream1.newswire.ca/cgi-bin/playback.cgi?file=20160517_C7046_VIDEO_EN_692239.mp4&posterurl=http%3a%2f%2fphotos.newswire.ca%2fimages%2f20160517_C7046_PHOTO_EN_692239.jpg&order=1&jdd=20160517&cnum=C7046
Image with caption: "Beau's CEO and Co-Founder, Steve Beauchesne, announcing the news to employees (Photo Credit: Brendan Coutts) (CNW Group/Beau's All Natural Brewing Company)". Image available at: http://photos.newswire.ca/images/download/20160517_C7046_PHOTO_EN_692247.jpg
Image with caption: "Beau's employees celebrating after the announcement (Photo Credit: Brendan Coutts) (CNW Group/Beau's All Natural Brewing Company)". Image available at: http://photos.newswire.ca/images/download/20160517_C7046_PHOTO_EN_692249.jpg
For further information: For further information and to request an interview with Beau's All Natural Brewing Company's CEO, Steve Beauchesne, or CFO, Tanya Beimers, please contact: Melanie Anne Filipp, Director, elevator communications inc., Tel: 416-363-6444 ext. 233, Email: [email protected]
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