Portland’s Cascade Brewing Announces Sale to Local Investors
A cornerstone of Portland and the Oregon craft beer scene, Cascade has been a pioneer in the Pacific Northwest for their innovative sour beers. It was announced yesterday that, after more than 20 years of business, Cascade has been sold to a group of four private investors. Owner Art Larrance stated, “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.”
The investment group consists of Mark Becker, Ramie Mount, Brian Kovach and Greg Laird — Oregonian taproom, restaurant, and brewery owners and managers. Laird co-founded Parallel 45 Brewing in Independence, Oregon, Becker is a co-founder of FlyBoy Brewery, and his partners Mount and Kovach co-own FlyBoy Taproom in Lake Oswego. Financial terms for the deal have not been disclosed.
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To all our friends and family, Today, our company’s founder, Art Larrance, has announced that he has sold Cascade Brewing to new owners. After more than 20 years at the helm, Art says “It’s time for me to retire and pass the brewery on to a team that’s fresh and full of energy and ideas.” Our new ownership consists of a capable and proven team of brewery and taproom owners––Ramie Mount, Mark Becker, Greg Laird and Brian Kovach. Our 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. "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." We, the Cascade Brewing team, want to thank Art for all of the amazing work he’s put into building this company and the leadership and support that he’s provided over the last 20 years. We wish him well in his retirement and look forward to a bright future with our new owners. To read the full press release see link in our bio.
Larrance is an icon in Oregon’s craft beer scene. After co-founding Portland Brewing in 1986 and starting the Oregon Brews Festival in 1987, he left to open Cascade with his brewmaster, Ron Gansberg, in 1998. He won a Lifetime Achievement Award from the Oregon Brewers Guild this past February for his contributions to Oregon craft beer. He will continue to retain ownership of and operate the Oregon Brewers Festival going forward.
Over the years, Cascade Brewing has grown their footprint to include The Lodge at Cascade Brewing, the Cascade Brewing Barrel House, the Cascade Blending House, and the Cascade Brew House & Production Facility, which will all stay open and retain their existing production and management teams. Larrance will take on an advisory role during this transition.
The investors are ready to continue the stellar reputation that Cascade has built over the years. “We deeply respect what [Larrance] and his team have built at Cascade,” said Mount. “… and we are thrilled he recognized enough competence in our combined experience to continue Cascade Brewing’s stellar reputation.”