Homegrown Riverbend Malt House Announces Expansion
Asheville, NC May 22, 2017 – In conjunction with the Asheville City Council, Buncombe County Commission, and the Economic Development Coalition for Asheville-Buncombe County (EDC), Riverbend Malt House announced today it will expand its headquarters and manufacturing operations in Asheville. The expansion will create 15 new jobs and invest $9.5 million over the next four years in new facilities, machinery and equipment.
Founded in Asheville, in 2010, Riverbend Malt House creates artisan malts for the craft beer and distilling industries. Malt is a key ingredient for the craft beer industry, with most major producers based far from Asheville. Riverbend’s Malt is sourced from regional farms throughout the Southeast, travels fewer miles in process and thus reduces the environmental impact of the craft beverage manufacturing process. Riverbend prides itself on extraordinary products that lead to great tasting beer for a growing clientele that includes over 120 of North America’s finest craft breweries and distilleries.
“With our expansion we’ll be buying more grain from regional farmers and creating new manufacturing jobs in Asheville at above living wage levels, with healthcare benefits,” noted Riverbend’s CEO, Scott Hickman. “Our motto is ‘Malt with a Mission’ and a key part of that mission is to help local farmers and workers participate in the amazing growth of craft beer and distilling.”
“The growth of a home-grown, sustainably-oriented industry supplier like Riverbend Malt is important to Buncombe County and offers significant competitive advantage to our local brewers,” noted Buncombe County Chairman, Brownie Newman.
“Success stories like Riverbend Malt have tremendous local impact,” said Asheville Mayor Esther Manheimer. “Beyond the immediate benefit of new jobs and community investment, these expansions strengthen our national reputation as a hub for innovation and thriving entrepreneurship.”
“We all share in the success when local businesses grow,” stated EDC Board Chair,Janice Brumit. “Riverbend Malt is an exceptional story, and with their success comes a brighter future for local farmers, a stronger supply chain for local brewers, and valuable jobs for the Asheville Region.”
The EDC for Asheville-Buncombe County is a public-private partnership committed to creating and retaining high quality jobs, community leadership, and being a resource for better business decisions. The EDC accomplishes this mission through its four core services: business retention and expansion, high growth entrepreneurship, research, and recruitment. The EDC is funded by Buncombe County, the City of Asheville, the Asheville Area Chamber of Commerce and the AVL 5×5 Campaign. Visit www.ashevillechamber.org/economic-development.
The Asheville Area Chamber of Commerce is a member organization with over 1,800 member businesses and organizations. Chamber members collaborate with community organizations and coalitions to support the community and each other with the mission of building community through business. The Chamber is home to a 4,000 square foot Visitor Center that welcomes over 200,000 visitors per year. To get active in the Chamber, visit www.ashevillechamber.org.