![]() ![]() Visit to learn more. To read an announcement letter from Eric and Rebecca Giddens, go here. Fortunately, they have an excellent lineup of craft beers and delicious food to accompany that celebration. On August 1, Harpoon will become an employee-owned company. “Employee ownership, when done right, benefits all stakeholders and should be celebrated.”Īnd celebrate they shall. The hall erupted in applause, shouts, and tears of joy. “Eric and Rebecca’s goal was to secure a sustainable future for the company in a manner that would be highly beneficial to its managers, employees, customers, brand and the community,” said Michael Harden, senior managing director with Ambrose. Kern River Brewing was advised in the process by Ambrose Advisors, an investment banking firm specializing in employee ownership transactions, and the legal firm of Musick Peeler and Garrett, LLP. Harpoon Brewery is an employee owned American brewery, with locations in Boston, Massachusetts, and Windsor, Vermont. ![]() Weed is a hop-forward yet approachable beverage made with 5 milligrams of THC, real. Made in partnership with Massachusetts’ Novel Beverage Company, Rec. Weed is a new kind of THC beverage that invites fans to savor its non-alc, low-calorie, innovative recipe. Kern River Brewing joins a group of elite 100% employee-owned companies across the United States of America, including other reputable craft breweries such as Harpoon Brewery, Deschutes Brewery, Breakside Brewery, Left Hand Brewing, Odell Brewing, Alaska Brewing and New Glarus Brewing. Harpoon Brewery crafted for a different kind of buzz, Rec. All eligible employees will be granted shares of company stock each year at no cost, allowing them to earn ownership over time through their service to the company and accumulate retirement wealth. This move was made possible by the newly created Employee Stock Ownership Plan. It’s just that our family got a little bigger.” After news broke of the Harpoon ESOP (Employee Stock Ownership Plan), our friends and fellow brewery employee-owners at the Deschutes Brewery were among the. Rebecca Giddens, also a co-founder, added, “KRBC is still family-owned. “Our employees are so much a part of our success that we felt this was the best path forward for our collective futures, and Rebecca and I are so happy to be able to make this announcement today.” ![]() “We have been moving toward being employee-owned for a while now,” said co-founder Eric Giddens. ![]() Awarded the prestigious title of “Brewery Group of the Year” in 2019 at the Great American Beer Festival, KRBC always focused on quality beer but never took its eyes off the quality of life. Kern River Brewing, located in the small mountain town of Kernville in the Southern Sierras, was established in 2005 and quickly became a destination for beer connoisseurs. In 2O17, it is expected to produce more than 13,OOO barrels.After nearly 18 years of operation, the Kern River Brewing Company (KRBC), a family-owned brewery and restaurant in Kernville, has become 100% employee-owned, according to a press release. Clown Shoes has also seen major growth since its founding. With the acquisition likely changes will be the naming of beers, branding and distribution strategies. They are known for producing special takes on classic formulas, previously employing contract brewing to keep production numbers up and costs down. We expect some great things in 2O18!” Established in 2OO9, Clown Shoes has released more than 1OO different beers and shipped to 28 different states. Clown Shoes is bringing with them the ability to make some smaller batch beers on our system. “In the coming months, you will be able to enjoy all three at both of our breweries. “Clown Shoes, Harpoon, and UFO Beer will be the same beer that you have grown to love,” Harpoon said in an announcement. Under the deal, Clown Shoes’ employees will have the opportunity to become employee-owners, as Mass Bay Brewing became an employee-owned company in 2O14 by launching an employee stock ownership plan. In a world of industrial brewers, Harpoon remained true to their fiercely independent spirit by becoming employee owned in 2014. MASS BAY BREWING CO., which is the parent company of Harpoon Brewery, has acquired Ipswich-based Clown Shoes Brewing. The Harpoon IPA packaging failed to stand out or tell a coherent story at shelf and found itself losing relevancy against the swell of newer and more evocative IPA brands. ![]()
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