REYES HOLDINGS ANNOUNCES AGREEMENT TO ACQUIRE MINNESOTA BRANCH OF HAVI GROUP L.P.
Reyes Holdings, L.L.C. announced an agreement to acquire the Fridley, Minnesota branch of HAVI Group L.P.’s Perlman Rocque operations.
The Fridley, Minnesota location will be incorporated into The Martin-Brower Company, L.L.C., one of Reyes Holdings’ portfolio companies. Martin-Brower, a McDonald's system distributor since 1956, is the largest McDonald's distributor in the United States delivering more than 198 million cases of product to over 9,000 McDonald’s restaurants annually.
Greg Nickele, Martin-Brower President and Chief Executive Officer, said "Integrating the Fridley branch into Martin-Brower will be a smooth transition for the employees in Fridley and a seamless transition for the McDonald's restaurants they serve. We are thrilled to welcome the employees and their outstanding reputation for service in the market, to the Reyes Holdings family.”
The acquisition includes HAVI Group's Fridley, Minnesota refrigerated 45,000 square foot warehouse and a fleet of 43 power units, extending Martin-Brower's distribution across Minnesota, Northern Wisconsin, North Dakota, South Dakota, Iowa, Nebraska and Montana.
Jude Reyes, Co-Chairman of Reyes Holdings, said, "We welcome the opportunity to further utilize Martin-Brower's logistics distribution expertise and grow our relationship with McDonald’s.
- Posted in: Press Releases
- August 10, 2006