PR: Constellation Brands Renews Distributor Agreements with Republic National Distributing Company
VICTOR, N.Y., DEC. 12, 2013 – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today the signing of new, five-year distribution agreements with Republic National Distributing Company (RNDC), granting exclusive rights to sell Constellation’s portfolio of wines and spirits in specific markets in the U.S. The new agreements extend a 2009 collaboration and take effect in March, 2015.
RNDC will continue to have exclusive distribution rights in nine markets: Colorado, Indiana, Louisiana, Maryland, Nebraska, Oklahoma, South Carolina, Texas and the District of Columbia. The current agreements in North and South Dakota, which began in 2012, will continue for their full, five-year term.
“Since we evolved our route-to-market strategy a few years ago with a consolidated distributor network, our work with RNDC has led to improved efficiencies and coordination of marketing and promotional programs that support our great brands and promote organic growth for the business,” said Rob Sands, president and chief executive officer, Constellation Brands. “We are thrilled to extend our relationship with RNDC to continue harnessing the power of our full portfolio into the marketplace and look forward to continued success together.”
RNDC has dedicated approximately 170 sales people to exclusively sell Constellation’s brand portfolio. “The opportunity to continue to be Constellation’s preferred distributor and broker in these nine key markets across the U.S., in addition to the other 10 markets where Constellation and RNDC do business together, further aligns our priorities, incentives, and commitment to bringing these dynamic brands to market. Likewise, we are thrilled to extend our relationship with Constellation,” said Tom Cole, president, RNDC.
About Constellation Brands
Constellation Brands (NYSE: STZ and STZ.B) is an S&P 500 Index and Fortune 1000® wine, beer and spirits company with more than 100 brands in its portfolio, sales in approximately 100 countries, operations in about 40 facilities and approximately 6,000 talented employees. Founded in 1945, Constellation has grown to become the world’s leader in premium wine and the number three beer company in the U.S. with brands that people love, including: Arbor Mist, Black Box, Blackstone, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Mount Veeder, Nobilo, Ravenswood, Rex Goliath, Robert Mondavi, Ruffino, SIMI, Toasted Head, Wild Horse, Corona Extra, Corona Light, Modelo Especial, Negra Modelo, Pacifico, Tsingtao, Victoria, Black Velvet Canadian Whisky and SVEDKA Vodka.
Based in Victor, N.Y., the company believes that industry leadership involves a commitment to its brands, to the trade, to the land, to investors and to people around the world who turn to our products when celebrating big moments or enjoying quiet ones. We express this commitment through our vision: to elevate life with every glass raised. To learn more, visit www.cbrands.com.
About Republic National Distributing Company
RNDC is the second largest distributor of premium wine and spirits in the United States with operations in Arizona, Alabama, Colorado, District of Columbia, Florida, Kentucky, Louisiana, Maryland, Mississippi, Nebraska, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Texas, Virginia, and West Virginia. RNDC employs more than 8,000 individuals nationwide. For more information contact: www.rndc-usa.com.
This news release contains forward-looking statements. These statements may relate to Constellation’s business strategy, future operations, prospects, plans and objectives of management, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by the forward-looking statements.
In addition to risks associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including factors and uncertainties disclosed from time to time in the company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended Feb. 28, 2013, which could cause actual future performance to differ from current expectations.