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Acquisitions

Martignetti to Acquire RNDC's National Control State Business

Martignetti Cos. and Republic National Distributing Co. (RNDC) said they reached an initial agreement for Martignetti to acquire RNDC's Control State operations. Terms weren't disclosed. The transaction includes the states of Alabama, Idaho, Iowa, Maine, Michigan, Mississippi, Montana, New Hampshire, North Carolina, Ohio, Oregon, Pennsylvania, Utah,

Pleasant Valley Wine Co. Up for Sale for $4.9 Million

Pleasant Valley Wine Co. the oldest continuously operated winery in New York State's Finger Lakes region has closed and is up for sale. It first opened in 1860, had 600 acres and produced 500,000 cases of wine a year. Listing price: $4.9 million. Here's

Columbia Distributing Set to Buy RNDC W&S Rights in Oregon, Washington

Columbia Distributing and Republic National Distributing Co.y (RNDC) said they agreed on proposed terms for Columbia to acquire certain wine and spirits distribution rights in Oregon and Washington, along with an asset arrangement in Alaska that would support a potential expansion of its Pacific Northwest footprint. Terms weren'

Why Would the Brown Family Want to Sell?

Why Would the Brown Family Want to Sell?

Ask yourself this question: If you were a member of the Brown Family that controls Brown-Forman, why in the world would you want to sell? Especially why would you want to sell to Pernod Ricard? For Brown-Forman's fiscal third quarter, through Jan. 31, sales increased 2%

Sazerac Said to Explore Deal with Brown-Forman

Citing unnamed sources, Reuters and The Wall Street Journal are reporting that Sazerac Co. is exploring a deal for Brown-Forman. It's been previously reported that Pernod Ricard is also in talks that may lead to a merger with the largest U.S. distiller by market cap. On

Heck Doubles Down on Kenwood's Vineyard-Driven Wines

More than a decade after he sold Kenwood Vineyards to Pernod Ricard, Gary Heck has reacquired the historic property. It won't be turned into a housing development. Instead, Heck reaffirmed its vineyard-driven foundations. “People might look at this moment and ask, ‘Is he crazy?’” said Heck. “But

Unnecessary Panic? Eagle Rock to Lay Off All Employees as It Merges with SGWS

We suspect this is much adoo about nothing. Colorado media are breathlessly reporting that Eagle Rock Distributing Co., which recently agreed to merge into Southern Glazer's Wine & Spirits has notified the State of Colorado that it will permanently lay off all 514 employees on June 5. We