Switchback Brewing Company Now Employee-Owned
BURLINGTON, VT— Monday morning at Switchback Brewing Company’s annual meeting, owner and Brewmaster, Bill Cherry, announced to the brewery’s 30 employees that they had become partners in ownership of the 14-year-old company.
Cherry, who will remain as Brewmaster and President, said about the transition, “I wanted Switchback to be Vermont-owned forever. Entrusting the brewery to the employees ensures the company will carry on with its mission to provide great beer and great jobs to the local community. It’s theirs to grow and nurture and reap the benefits. It is the right thing to do and I hope all Vermonters show their support by keeping Switchback beers on their go-to list.”
Switchback officially became the first 100% employee-owned brewery in Vermont via an Employee Stock Ownership Plan (ESOP).The move keeps the brewery locally-owned and -operated, still at its original home in the South End of Burlington, VT.
About Switchback Brewing Company
Switchback Brewing Company was founded in 2002 by Brewmaster Bill Cherry and his longtime friend Jeff Neiblum. The vision was to concentrate limited resources into making beers that achieve the highest quality possible. To maximize complexity and flavor the beer is left unfiltered and carbonated during fermentation by the yeast itself, creating a 100% naturally conditioned beer. The result is a beer that defies easy description, because it is brewed to a flavor idea and not based on any existing style guidelines. Switchback’s flagship beer, Switchback Ale—the number one selling draught beer in Vermont— along with Citra-Pils Keller Bier and Connector IPA are brewed year-round. Switchback’s Rotating Specials include Extra Pale Ale, Märzen Fest Bier, Roasted Red Ale, Dooley’s Belated Porter, Slow-Fermented Brown Ale, and SwitchBOCK Keller Bier. Switchback beers are brewed in Burlington, VT and are distributed in Vermont, New Hampshire, Maine, New York, Massachusetts, and Rhode Island.