Grand Prairie, Texas — April 5, 2019 — Republic National Distribution Company and Breakthru Beverage Group today jointly announced that the proposed business combination of the two companies has been terminated and the related Hart-Scott-Rodino filing with the United States Federal Trade Commission (FTC) has been withdrawn. While both companies were optimistic about the prospects of the combined company, the decision to terminate the proposed merger was made after a protracted review by the FTC.
“Drawing strength from RNDC’s robust market position and positive outlook, we intend to continue on our path toward achieving enhanced efficiencies and innovation while carefully evaluating other strategic options,” stated Tom Cole, Chief Executive Officer of RNDC. “We look forward to further strengthening our relationships with our suppliers and customers and serving the many consumers throughout the U.S. who enjoy premium wine and spirits.”
“We’ve continued to advance the Breakthru business and our innovation platform and operating model are well positioned for growth,” said Greg Baird, Breakthru Beverage CEO. “We are confident that the strengths and stability of Breakthru, combined with the expertise of our team, uniquely positions us to serve our partners, both now and in the future.”
About Republic National Distributing Company
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, Indiana, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Nebraska, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Texas, Virginia and West Virginia. RNDC employs more than 9500 individuals nationwide. For more information about the company, please visit www.rndc-usa.com.
About Breakthru Beverage Group
Breakthru Beverage Group is a leading North American beverage wholesaler driving innovation in the marketplace with a nimble and insightful approach to business. Breakthru was formed in 2016 through the merger of two highly-regarded family-owned industry wholesalers—Charmer Sunbelt Group and Wirtz Beverage Group. Breakthru employs more than 7,000 associates representing a portfolio of premier wine, spirit and beer brands in the United States and Canada. For more information, visit www.BreakthruBev.com.