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Jacksons Road Brewery to Be Enlarged by Moa Brewing

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Core prompt: New Zealand-based Moa Brewing Company is planning to raise $15m to expand its Jacksons Road brewery. The IPO is expected in late Oct

New Zealand-based Moa Brewing Company is planning to raise $15m to expand its Jacksons Road brewery.

The IPO is expected in late October and the potential shareholders can pre-register interest at ownabrewery.co.nz from 1-9 October 2012, reported tvnz.com.

Moa Brewing chief executive Geoff Ross was reported by the newsagency as saying that the firm needed a bigger brewery to meet growing demand, and funding to support increased working capital and marketing.

The company, however, has not yet applied for resource consent for the expansion and the details of its plans are also not available.

Moa Brewing Head brewer David Nicholls said they employ nine fulltime staff at the Jacksons Road brewery and tasting room, and another 10 staff in their head office in Auckland.

The company, which was founded in 2004 by Josh Scott in Blenheim, also has signed an agreement with a New Zealand distribution partner, Australia-based Treasury Wine Estates last month, and expects a gateway to many more potential markets for the company.

 
 
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