Republic National Distributing Company and Young’s Market Company have announced the expansion of their partnership from one to 32 states plus the District of Columbia. The new agreement expands beyond its first partnership just in Arizona and will now cover 64% of the United States.
RNDC is the second largest distributor of premium wine and spirits in the United States with operations in Alabama, Arizona, Colorado, District of Columbia, Florida, Georgia, Indiana, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Nebraska, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Texas, Virginia and West Virginia. While Young’s Market Company is the distributes wines, spirits, and select beverages in 10 western United States including Alaska, Arizona, California, Hawaii, Idaho, Montana, Oregon, Utah, Washington, and Wyoming.
Together, RNDC and the Underwood family will oversee Young’s and the joint venture will be guided by a Board of Directors composed of executives from both companies. RNDC will lead daily sales and operations for all 33 markets, and Young’s will operate in coordination with RNDC’s business nationally.
“The marketplace is changing quickly and significantly,” said Tom Cole, Chief Executive Officer, RNDC. “And while innovation and technology are on the forefront of our growing company, our partnership with Young’s Market Company allows us to expand our reach across America, building upon the great relationships they’ve created for more than a century. The new partnership will expand service and selection of our combined beverage alcohol portfolios from coast to coast.”
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The joint operation will be driven by the family-owned and customer-focused cultures that have made RNDC and Young’s each exceptional employers of choice. Together, RNDC and Young’s will be better equipped to invest in employees and provide efficient and coordinated service to suppliers and customers.
“Our expanded partnership with RNDC represents a new and exciting chapter in the 131-year history of Young’s Market Company,” said Chris Underwood, Chief Executive Officer, Young’s Market Company. “Our partnership with RNDC positions us to better serve suppliers and creates more opportunities for employees as part of a truly national enterprise.”
The transaction is expected to close in the third quarter of 2019 and is subject to customary closing conditions, including regulatory approval.
Here is the full list of states covered by this partnership.
|RNDC||District of Columbia|