PR: Young's Market Company & Republic National Distributing Company Announce Business Combination In Arizona
Young’s Market Company and Republic National Distributing Company jointly announced today that they have entered into a definitive agreement to combine their alcohol beverage distribution operations in the State of Arizona. The transaction, which is subject to customary contingencies, is expected to close on August 1. The name of the combined venture will be “Young’s Market Company Southwest, LLC” and the President of the new venture will be Mark Moser. Mr. Moser has 26 years of experience in the beverage alcohol industry, serving most recently as the president of RNDC’s Arizona operation.
In jointly making the announcement with Tom Cole, the President of RNDC, Christopher Underwood, CEO of Young’s Market Company said: “Young’s is very excited to be joining forces in the Arizona market with one of the largest and most respected distributors of beverage alcohol in the U.S. This combination is a win/win for our respective companies, our customers and our suppliers. It will provide best practice opportunities and operational economies that will benefit all of our stakeholders. Both Young’s and RNDC will be working tirelessly in the weeks ahead to make this combination as smooth as possible for our valued customers in the Arizona market.”
Tom Cole stated that “both RNDC and Young’s Market Company share a common vision of commitment to excellence in service to our customer and supplier partners in Arizona. We look forward to building the best wine and spirits wholesaler in Arizona.”
Young’s Market Company is one of the nation’s largest distributors and brokers of beverage alcohol with operations in California, Oregon, Washington, Alaska Hawaii, Arizona Idaho, Utah, Wyoming and Montana.
Republic National Distributing Company is the second largest distributor of premium wine and spirits in the United States with operations in Arizona, Alabama, Colorado, District of Columbia, Florida, Indiana, Kentucky, Louisiana, Maryland, Mississippi, Nebraska, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Texas, Virginia, and West Virginia. RNDC employs more than 7,000 individuals nationwide.