US: Constellation Brands signs new distributor agreements
Constellation has signed "multi-year"deals with four companies
Constellation Brands has taken a step further in its bid to simplify its distribution network by signing "multi-year" agreements with four companies.
The firm announced today (18 May) it has agreed deals with Republic National Distributing Company (RNDC), Young's Market Company, Johnson Brothers and Horizon Beverage Company. As a result, it expects to grow the busines through these "expanded relationships", it said.
"The signing of these new agreements represents our continued focus on creating efficiencies and developing consolidated points of contact for our distributors and brokers to ensure our products are in the right place and receive the attention they deserve," said Rob Sands, Constellation Brands' president & CEO.
It is part of the second phase of a distribution transition which began in 2009, and will now represent nearly 70% of the company's total US wine and spirits business.
"We are very pleased to continue to drive our product portfolio into the marketplace in an efficient manner and expect to grow the business through these expanded relationships," added Sands.
Last month, the company reported a 20% rise in full-year net profits.
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