Reyes Beverage Group and RNDC reach agreement on assets sale

Core Insights - Reyes Beverage Group has entered into purchase agreements for the assets of Republic National Distributing Company (RNDC) in 11 US markets, marking its largest acquisition to date, although financial terms were not disclosed [1] - The acquisition includes operations in Arizona, Colorado, Florida, Hawaii, Louisiana, Maryland, Oklahoma, South Carolina, Texas, Virginia, and Washington, DC [1] - The deal is expected to be completed by the end of May, pending regulatory approvals and customary conditions [3] Company Strategy - Reyes plans to operate the acquired businesses separately from its existing operations while integrating new employees and suppliers [2] - The acquisition follows a strategic shift in RNDC's distribution network, which has seen the company exit California and lose major contracts [4] Market Dynamics - Proximo Spirits and Pernod Ricard have also announced changes in their distribution strategies, moving away from RNDC and appointing Reyes for certain products in Maryland and Washington, DC [5] - RNDC has secured new funding to support its operations and align its organizational structure and portfolio focus [6]