Reyes Beverage Group to Acquire Loveland Distributing in Virginia
1 month ago - By Brewbound
Reyes Beverage Group has struck a deal in Virginia that will make it the Mid-Atlantic region's largest beer wholesaler.
Premium Distributors of Virginia, a Reyes subsidiary, has reached an agreement to acquire the assets of Richmond-based Loveland Distributing Company, Reyes announced in a press release.
Financial terms of the deal were not disclosed, but the transaction is slated to close in early December.
As part of the transaction, Premium Distributors will add 4.6 million cases of beer and take on 2,100 retail accounts from Loveland, according to the release. Premium Distributors also...
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