Beau’s to remain independent by selling ownership to staff

Categories: News
Published on: May 17, 2016

Globe and Mail / Jacob Serebrin / 17 May 2016

BeausThe largest independent producer of organic beer in Canada says it plans to maintain that independence by handing ownership over to its employees.

The plan, announced on Monday, will see the approximately 150 employees of Beau’s All Natural Brewing Company buy the Vankleek Hill, Ont., brewery over the next 25 to 30 years.

“We very much want to stay independent and we feel that the best way to do that is to start moving ownership over to the employees,” says Steve Beauchesne, chief executive officer of Beau’s.

Mr. Beauchesne, 40, says he has no plans to step away from the business in the near future. Instead, he says he wants to create a succession plan that will leave the business in good hands when he is ready to move on.