Republic National Distributing Co. (RNDC) and Young’s Market Co. have agreed to partner in all of Young’s current markets, expanding the existing partnership between Young’s and RNDC in Arizona. The combined company will serve customers in 33 complementary markets, including 32 states and the District of Columbia. The transaction between Young’s and RNDC is expected to close in the third quarter of 2019 and is subject to customary closing conditions, including regulatory approval.
New Orleans-based RNDC is the second largest distributor of premium wine and spirits in the U.S., 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 people nationwide.
Founded in 1888, Young’s Market Co. is a major distributor of wines, spirits, and select beverages in the western U.S. and is based in Tustin, California. Young’s employs more than 3,000 people and operates in 10 states: Alaska, Arizona, California, Hawaii, Idaho, Montana, Oregon, Utah, Washington and Wyoming.
Together, RNDC and the Underwood family will oversee Young’s and the joint venture will be guided by a board of directors composed of executives from both companies. RNDC will lead daily sales and operations for all 33 markets, and Young’s will operate in coordination with RNDC’s business nationally.
“The marketplace is changing quickly and significantly,” said Tom Cole, CEO of RNDC. “And while innovation and technology are on the forefront of our growing company, our partnership with Young’s Market Co. allows us to expand our reach across America, building upon the great relationships they’ve created for more than a century. The new partnership will expand service and selection of our combined beverage alcohol portfolios from coast to coast.”
The joint operation, driven by the family-owned and customer-focused culture of both RNDC and Young’s, will be better equipped to invest in employees and provide efficient and coordinated service to suppliers and customers, the companies say.
“Our expanded partnership with RNDC represents a new and exciting chapter in the 131-year history of Young’s Market Co.,” said Chris Underwood, CEO. “Our partnership with RNDC positions us to better serve suppliers and creates more opportunities for employees as part of a truly national enterprise.”