Cuervo Picks Up Pendleton Whisky FILED DECEMBER 14, 2017Cuervo has agreed to acquire Canadian whisky brand Pendleton from Hood River Distillers for $205 million.
Initial Thoughts on RNDC, Breakthru Deal FILED NOVEMBER 21, 2017As was reported yesterday, RNDC and Breakthru unveiled plans for a merger in 2018 [see WSD 11-20-2017]. Together BRNDC (as we've taken to calling the new entity) will represent $12 billion in sales and span 30 markets. It will be the second largest distributor in the US, nearly catching up to Southern Glazer's Wine & Spirits, which now covers 45 markets (not 41 as written yesterday) with close to $16 billion in annual sales.
Alert, RNDC, Breakthru Beverage Agree to Merge FILED NOVEMBER 20, 2017Confirming the worst kept secret of the summer, Republic National Distributing Company and Breakthru Beverage Group will merge to stop Southern Glazer's Wine & Spirits from running away with the distribution tier. The two have announced a letter of intent to combine operations and assets, and the transaction is slated to close in the second quarter of 2018, per a release.