New Orleans, Louisiana, and Tustin, California – July 17, 2019 – Republic National Distributing Company (RNDC) and Young’s Market Company (Young’s) announce that the joint venture partnership between the companies has been cleared by the Federal Trade Commission. The combined company will serve customers in 32 states and the District of Columbia.
The joint operation will be driven by the family- and customer-focused cultures that have made RNDC and Young’s industry leaders for more than a century. Together, RNDC and Young’s are strategically equipped to provide exceptional and innovative service to suppliers and customers. RNDC leadership will manage the day-to-day operations upon completion of the deal.
“We are very excited about the future of our company,” said Tom Cole, Chief Executive Officer, RNDC. “With our expanded footprint, our ability to serve suppliers and customers expands, too. This partnership, plus our investment in technology, will help meet and surpass the expectations of our suppliers and customers in every way.”
“This is a new and exciting chapter for our company,” said Chris Underwood, Chief Executive Officer, Young’s Market Company. “Combining forces with a proven and well-respected partner like RNDC allows Young’s to improve upon the best-in-class service we are known for in the industry. Our expanded partnership positions us to effectively compete in the growing marketplace in the years to come.”
The deal is expected to close in the third quarter of this year.
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, Georgia, Indiana, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Nebraska, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Texas, Virginia and West Virginia. RNDC employs more than 9,500 individuals nationwide. For more information, visit www.rndc-usa.com.
About Young’s Market Company
Founded in 1888, Young’s Market Company is the premier distributor of wines, spirits, and select beverages in the western United States. Young’s employs more than 3,000 people and operates in 10 states: Alaska, Arizona, California, Hawaii, Idaho, Montana, Oregon, Utah, Washington, and Wyoming. For more information, visit www.youngsmarket.com.