REYES BEER DIVISION SIGNS AGREEMENT TO ACQUIRE NORTHERN CALIFORNIA BUSINESS FROM DBI BEVERAGE INC.
ROSEMONT, IL – July 8, 2019. Harbor Distributing, L.L.C., a Reyes Beer Division company, has entered into an agreement to acquire substantially all of the assets of DBI Beverage Inc.’s beverage distribution business in Northern California. The transaction is scheduled to close in September.
Tom Reyes, President of Reyes Beer Division West, said, “DBI Beverage is a great company and has strong operations in Northern California. We are grateful for the opportunity to continue to grow our business and expand our footprint to the northern part of the state. We anticipate a smooth transition and look forward to welcoming our new employees and building new relationships in the local communities.”
Tom Day, Chief Executive Officer of Reyes Beer Division, said, “We look forward to building great relationships with our new customers and our new employees. This transaction enables us to take further advantage of our scale while providing more opportunities for our organization. It also marks Reyes Holdings’ continued commitment to invest in the beer business. Over the past year, we’ve grown our operations in Chicago, Richmond, San Diego, Santa Fe Springs and Santa Maria, and we are thrilled to add Northern California to that list.”
The acquisition will add approximately 28 million cases to Harbor’s business, delivered to nearly 14,000 new customer accounts.
“I am very proud of the business and relationships that DBI has built in Northern California over the years. We wouldn’t be the strong company we are today without our wonderful team of associates. I am confident that the Reyes family will continue to grow our operations and know that our business is in good hands,” said David B. Ingram, Chairman of DBI Beverage.
About Reyes Holdings, L.L.C.
Reyes Holdings, aligned with leading beverage and foodservice providers, produces and delivers some of the best-known brands and widest variety of food and beverage items to retailers around the world. Annually, the company delivers more than 1.3 billion cases of beverage and food products from over 170 locations across the world. Reyes Holdings operations include Reyes Beer Division, the largest beer distributor in the United States representing import, craft and domestic beer brands; The Martin-Brower Company, L.L.C., a global quick-service restaurant distribution business and the largest supplier worldwide of distribution services to the McDonalds restaurant system; Reinhart Foodservice, L.L.C., one of the largest broadline foodservice distributors in the United States; Great Lakes Coca-Cola Bottling, a dedicated Coca-Cola bottler and distributor serving Chicagoland and the Midwest; and Reyes Coca-Cola Bottling, a West Coast bottler and distributor of Coca-Cola products. Reyes Holdings is the 9th largest privately held company in the United States with more than 33,000 employees and annual sales exceeding $33 billion. For more information about Reyes Holdings, visit the company website at www.reyesholdings.com.
About Reyes Beer Division
Reyes Beer Division (RBD) is dedicated to being the best distributor in the industry with distributorships in California, Florida, Illinois, Maryland, South Carolina, Virginia and Washington DC. RBD is committed to protecting the quality of its brewing suppliers’ brands through the utilization of superior routing and world-class warehouse and cold storage facilities, while also using its highly-trained sales team to grow those brands and best serve the retail customers of Allied Beverages, Chesbay Distributing, Chicago Beverage Systems, Crest Beverage, Florida Distributing Company, Gate City Beverage, Gold Coast Beverage, Harbor Distributing, Lee Distributors, Premium Distributors of Maryland, Premium Distributors of Virginia, Premium Distributors of Washington DC, and Windy City Distributing. For more information on the company, its portfolio of world-class beer brands and career opportunities, explore the company’s website www.reyesbeerdivision.com.
Media Contact: Andrew Moyer
- Posted in: Press Releases
- July 08, 2019