NATIONAL COMPLETES ITS SALE TO GLAZER’S
National Wine & Spirits announced last week that it has completed the sale of its subsidiary, NWS-Illinois, to Glazer’s of Illinois.
National did, however, keep some assets, including the distribution rights for some unnamed beer brands. Financial details were not disclosed.
Last month, National posted a 9.4% increase in sales for the 2nd-quarter of this year, coming in at $182.5 million. Net income for the period rose 25% year-on-year to $1 million, while operating income rose to $4.4 million from $3.8 million.
National did, however, keep some assets, including the distribution rights for some unnamed beer brands. Financial details were not disclosed.
Last month, National posted a 9.4% increase in sales for the 2nd-quarter of this year, coming in at $182.5 million. Net income for the period rose 25% year-on-year to $1 million, while operating income rose to $4.4 million from $3.8 million.
posted at 1:42 PM
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