Cascade Brewing announces sale to local group of brewery and taproom owners

Discussion in 'US - West' started by Todd, Apr 2, 2020.

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  1. Todd

    Todd Founder (2,387) Aug 23, 1996 California
    Staff Moderator Fest Crew Society Trader

    Existing production team and pub management will remain in place

    (PORTLAND, Ore. –– April 2, 2020) –– After more than 20 years, one of Oregon’s founding fathers of Oregon beer is passing the torch. It was announced today that Art Larrance has sold Cascade Brewing to new owners. A capable and proven team of brewery and taproom owners––made up of Mark Becker, Ramie Mount, Brian Kovach and Greg Laird––has purchased the operation.

    The deal is a phased transition sale of the company known as a pioneer in the sour beer renaissance. Both the existing production team and pub management will remain in place, and the Cascade Brewing Barrel House, Blending House and Lodge at Cascade Brewing will continue to operate. Larrance plans on retiring but will remain in an advisory position during the transition period while local, state and federal approvals are being obtained.

    Becker, Mount, Kovach and Laird have diverse experience involving brewery ownership, restaurant operation, and taproom management. Becker, who began brewing in his parents’ house while still in high school, founded FlyBoy Brewery with his wife, Kristi, in Lake Oswego, Oregon, in 2014. Three years later, in 2017, they opened FlyBoy Brewery and Pub in Tigard, Oregon. Mount and Kovach, former software engineers, co-own FlyBoy Taproom in Lake Oswego. Laird took his background as a director of product and co-founded Parallel 45 Brewing in Independence, Oregon, in 2019.

    "Art is a legend, and we deeply respect what he and his team have built at Cascade,” said Mount. “Our mission is to expand upon their vision, and we are incredibly excited for the opportunity to continue the legacy that Cascade started with its sour beer program in 2006. Art is irreplaceable, and we are thrilled he recognized enough competence in our combined experience to continue Cascade Brewing’s stellar reputation."

    According to Larrance, “It’s time for me to retire and pass the brewery on to a team that’s fresh and full of energy and ideas. I trust this group will do Cascade Brewing proud.”

    Financial details of the sale are to remain private. Principals of Arlington Capital Advisors acted as exclusive financial advisors to Cascade Brewing.

    Founded in Portland in 1998, Cascade Brewing’s distinctive sour beer blends feature fruit-forward, barrel-aged ales with an emphasis on project year-to-year variation. These beers offer a complex array of flavors derived from the acid, the fruit and the residual flavors present in the barrels in which they age. The resulting beers offer a complex array of flavors and aromas derived from each project year release, capturing the unique subtleties of that year’s growing season. Cascade Brewing’s beers are collected by sour fans and connoisseurs around the world.

    Larrance, who recently received the Lifetime Achievement Award from the Oregon Brewers Guild, has been involved in Oregon’s craft beer industry since its inception and is considered one of the seven founding fathers of the Oregon craft brewing industry. He co-founded one of the state’s first microbreweries, Portland Brewing, as well as the Oregon Brewers Festival, which today is one of the world’s preeminent craft beer festivals; he will retain ownership of and operate the Oregon Brewers Festival. Larrance helped pass Oregon’s Brewpub law, paving the way for scores of pubs since. He founded Cascade Brewing in 1998, and in 2006, worked with his brewmaster, Ron Gansberg, on an aging and blending program that would lead to countless awards and an entirely new style of beer known as the Northwest Sour Ale.

    For more information, visit CascadeBrewing.com

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  2. distantmantra

    distantmantra (740) May 23, 2011 Washington
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  3. shelby415

    shelby415 (747) Oct 10, 2011 Oregon
    Trader

    If this was yesterday I'd have thought it was an April Fool's jibe. What's next - Base Camp buying Upright?
     
  4. John_M

    John_M (1,873) Oct 25, 2003 Oregon
    Moderator Society Trader

    The explanation seems reasonable enough, but the timing just seems really, really odd.
     
  5. Reidrover

    Reidrover (1,390) Jan 14, 2003 Oregon
    Society

    This is the kind of take over i dont mind. People seem surprised , but the small breweries out of Portland in the suburbs and smaller cites actually do great business, but are pretty much ignored .Cant blame it as if i lived in Portland i wouldn't have time for those either..
    Take Santiam in Salem they do a butt load of business..but very much nothing in the beer sites etc,
     
  6. dphi

    dphi (200) Apr 14, 2013 Oregon

    I don't know, timing doesn't seem that odd - Art's not getting any younger and with the slowdown in business, why not get out now and avoid any uncertainty of the future.
     
  7. John_M

    John_M (1,873) Oct 25, 2003 Oregon
    Moderator Society Trader

    That's what I meant. After reading the article, I was wondering if this was something he had been mulling over for a while, but with the economic downturn, he decided not to wait any longer. I realize he's not a spring chicken, but he's been doing this for a while, and I always got the impression that Cascade brewing was part of who he is. It just made me wonder if the pandemic was a final push that convinced him to get out now.
     
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