Today Inc. named Riverbend Malt House number 2,804 on the list of the 5,000 fastest growing private companies in America. This achievement comes on the heels of a major facility expansion, which increased Riverbend’s malting capacity by more than 50 percent.
The annual Inc. 5000 list is a noteworthy ranking of the nation’s fastest-growing private companies, showcasing a top tier of independent small businesses in America. Inc. 5000 status is conferred based upon a company’s cumulative revenue growth over the preceding three years. Since 2018, amid the global COVID-19 pandemic, Riverbend has attained a revenue growth rate of 198 percent.
“This achievement is reflective of the relentless focus on product quality and customer service that the Riverbend team delivers day in and day out,” remarks Scott Hickman, Riverbend’s CEO. “We are truly grateful for the confidence placed in us by more than 250 brewing and distilling customers, which enabled us to qualify for this award.”
Riverbend’s inclusion in the Inc. 5000 list is not only positive for Riverbend, but for the craft malt industry as a whole, Hickman says.
“Sales growth of this magnitude is a proof point indicating that discerning brewers and distillers are increasingly realizing the importance of high quality ingredients and a locally sourced brand message for their product differentiation.”
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