McCashin's stoked at rapid growth
Stoke brewery McCashin's is on a comeback with recognition as the South Island's fastest growing business in the annual Deloitte Fast 50 for 2012.
McCashin Brewery, majority owned by former All Black Terry McCashin and wife Bev, was named the fastest growing business in the South Island last night and the third fastest growing in New Zealand. Each year accountancy firm Deloitte seeks out New Zealand's 50 fastest growing companies. To qualify a company's revenues must have increased by at least 154 per cent in three previous years. McCashin's growth in the three years 2010-2012 was massive at 1826 per cent.
The accolades are sweet for the family who sold the core of their original "Macs" ale business to giant brewer Lion Breweries in 1999.
Their son, Dean, saw a gap in the craft beer market in 2009 and the family launched its second brewing business that year after the expiry of a restraint of trade.
Based in Stoke, the McCashin Brewery also won Deloitte's national award for the fastest growing manufacturer. General manager Andrew Murray, who received the award in Christchurch last night, said what underpinned the company was the great respect in the region for the McCashin as craft brewers.
Terry McCashin had been a pioneer of craft brewing in the 1980s and 90s when the beer scene was dominated by two large brewers, Lion Breweries and DB Breweries.
The company was producing 11 craft beers under the "Stoke" brand, had revived its Rochdale cider production, and was also producing fruit ciders and vodka.
McCashin's was among three local companies to be recognised in the Fast 50 index, with Flightcell International and Redwood Cellars also exceeding the 154 per cent threshold for revenue growth.
The national top dog in the 12th Deloitte Fast 50 was Auckland electricity retailer Pulse Utilities.