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Harpoon Brewery Transfers Half Its Shares To Employees

In this July 1, 2013 photo a glass of Rich and Dan's Rye IPA rests on the counter as bartenders pour drafts for patrons in the Beer Hall at the Harpoon Brewery in the Seaport District of Boston. (Charles Krupa/AP)
In this July 1, 2013 photo a glass of Rich and Dan's Rye IPA rests on the counter as bartenders pour drafts for patrons in the Beer Hall at the Harpoon Brewery in the Seaport District of Boston. (Charles Krupa/AP)

Boston-based Harpoon Brewery is transferring half its shares to employees.

Co-founder Dan Kenary is a supporter of employee stock ownership plans.

"The right thing to do was to, you know, give the employees of this company the opportunity to you know, really share in what we've created here," Kenary said.

Kenary says the ultimate goal is to be 100 percent employee-owned.

Harpoon, the 12th largest craft brewery in the country, has just under 200 employees.

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