Less than one year after Republic National Distributing Company’s catastrophic collapse in California, VinePair has learned that the country’s second-largest wine and spirits wholesaler will sell a portion of its national operation to the country’s largest beer distributor: Reyes Beverage Group.
“[W]e have aligned with Reyes Beverage Group on key economic terms for them to acquire RNDC’s operations in Florida, Hawaii, Illinois, Maryland, South Carolina, Virginia and Washington, D.C.,” wrote newly appointed president and chief executive officer Marc Sachs, in a Tuesday morning memo to RNDC employees shared with me by a current employee, who requested anonymity to avoid retaliation by the firm. “Upon completion of the transaction, Reyes plans to run the newly acquired businesses separately from their current operations.”
