Republic National Distributing Company is offloading more assets, striking deals covering five US states.
The planned transactions are RNDC’s latest moves to sell off operations across the US.
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In a statement, Breakthru Beverage Group (BBG) said it has signed a letter of intent to buy RNDC’s interests in its Kentucky and Indiana joint venture operations with another US distributor, National Wine & Spirits (NWS).
Meanwhile, Quality Brands Distributing has reached an agreement on a “potential transaction” to acquire RNDC’s operations in Nebraska, South Dakota and North Dakota.
If completed, the deal would expand BBG’s operations to 18 states, plus Canada. The company expects to close the transaction in the third quarter.
BBG CEO Tom Bené said: “We’re incredibly excited about the opportunity to expand our footprint into two new states, Indiana and Kentucky, which reflects our continued commitment to thoughtful and strategic growth.
“We are also excited about the opportunity to partner with NWS as we integrate these businesses into the Breakthru family to further drive growth in these markets.
“We value the existing teams and intend to maintain the current employee structure as we evaluate the needs of our suppliers and customers.”
In a statement, RNDC said “RNDC is continuing to operate as normal while RNDC works to finalise each of the potential transactions that transitions ownership of a certain segment of the business to a new owner.
“We are taking a thoughtful approach to ensure potential opportunities for our associates while maintaining our commitment to the suppliers and customers we serve.”
Last month, RNDC entered into an LOI with Columbia Distributing to sell “certain wine and and spirits distribution rights in Oregon and Washington”.
Reyes Beverage Group also finalised a deal in March for RNDC’s operations in ten states and Washington, DC.
