Republic National Distributing Company (RNDC), formerly the second-largest wine and spirits distributor in the United States, has filed for bankruptcy after a yearlong shakedown. The distributor voluntarily filed for chapter 11 yesterday in the Southern District of Texas to initiate a court-facilitated process of shuttering the residual portions of its business, according to a memorandum published by the company.
“The court-supervised process is intended to give us the time and flexibility to continue working with parties that have expressed an interest in acquiring our other markets and conduct an orderly wind down of our remaining operations,” the memo reads.
