Riverbend Malt House makes list of 5,000 fastest growing private companies

August 16, 2023Chris Crowell

Inc. Magazine named Riverbend Malt House 3,992 on the list of the 5000 fastest growing private companies in America. Riverbend ranked #96 on the list of fastest growing North Carolina companies.

2023 marks the second consecutive year that Riverbend has made the Inc. 5000 list, one of the most prestigious rankings of the nation’s fastest-growing private companies, representing top tier independent small businesses in America. Inc. 5000 status is conferred based upon a company’s cumulative revenue growth over the preceding three years.

At Riverbend Malt House, the revenue growth over the past three years was 116 percent.

“We are gratified to make the Inc. 5000 fastest growing list for the second consecutive year,” remarked Scott Hickman, Riverbend’s CEO. “High quality malt, carefully made from grain sourced from local, family owned farms clearly continues to be a value proposition that appeals to our craft brewing and distilling customers. In an increasingly crowded space, using— and talking about— quality ingredients is proving to be an effective way for our customers to stand out.”

In 2022, Riverbend Malt House malted 3.3 million pounds of craft malt, which included mainstay styles as well as custom and smoked malt for specialty projects. This production level was 28 percent higher than in 2021.

It also became clear that much more capacity would be needed going forward to meet demand. That’s why Riverbend Malt House added a 10 tonne steep tank and 10-tonne Germination Kiln Vessel (GKV) unit to its production facility in 2022. These equipment additions increased the malthouse’s overall craft malt production capacity by more than 50 percent.