REYES BEER DIVISION SIGNS AGREEMENT WITH MONARCH BEVERAGE COMPANY IN INDIANA
ROSEMONT, IL – October 5, 2020. Reyes Beer Division has entered into an agreement to acquire the operating assets of Monarch Beverage Company in Indiana. The transaction is scheduled to close on December 11, 2020.
“We are thrilled to have the opportunity to add a new state to our footprint,” said Tom Day, Chief Executive Officer, Reyes Beer Division. “Indiana is home to great brands, retailers and consumers. We are looking forward to learning the market and bringing our strengths and scale to our new customers.”
Stephen Reyes, President of Reyes Beer Division East, said, “Our team couldn’t be more excited about entering a new state – something we haven’t done since 2011 when we entered the state of Florida. We admire the business that the current team has worked so hard to build, and we look forward to continuing to run a great business in the state of Indiana.”
The acquisition will add approximately 600 new employees, 16.1 million cases delivered to over 6,000 new customers, and brands from suppliers such as Molson Coors, Constellation, Heineken USA, Diageo, Mike’s, Boston Beer, Yuengling, Lagunitas and Pabst Blue Ribbon.
“Monarch Beverage Company has been family-owned and locally operated since 1947, and the team has serviced our customers and communities with pride over the past 73 years,” said Monarch’s Chief Executive Officer Phil Terry. “This acquisition represents the coming together of two great long-standing family-owned businesses. Reyes Beer Division is a proven industry leader, and we are confident that they will be a great distributor for the state of Indiana and lead the business to further success.”
About Reyes Holdings, L.L.C.
Reyes Holdings, aligned with leading beverage and foodservice providers, produces and delivers some of the best-known brands and widest variety of food and beverage items to retailers around the world. Annually, the company delivers more than 1.2 billion cases of beverage and food products from over 200 locations across the world. Reyes Holdings operations include Reyes Beer Division, the largest beer distributor in the United States representing import, craft and domestic beer brands; The Martin-Brower Company, L.L.C., a global quick-service restaurant distribution business and the largest supplier worldwide of distribution services to the McDonald’s restaurant system; Great Lakes Coca-Cola Bottling, a dedicated Coca-Cola bottler and distributor serving Chicagoland and the Midwest; and Reyes Coca-Cola Bottling, a West Coast bottler and distributor of Coca-Cola products. Reyes Holdings is the 9th largest privately held company in the United States with 30,000 employees and annual sales exceeding $29 billion. For more information about Reyes Holdings, visit the company website at www.reyesholdings.com.
About Reyes Beer Division
Reyes Beer Division (RBD) is dedicated to being the best distributor in the industry with distributorships in California, Florida, Illinois, Maryland, South Carolina, Virginia and Washington, D.C. RBD is committed to protecting the quality of its brewing suppliers’ brands through the utilization of superior routing and world-class warehouse and cold storage facilities, while also using its highly-trained sales team to grow those brands and best serve the retail customers of Allied Beverages, Chesbay Distributing, Chicago Beverage Systems, Crest Beverage, Florida Distributing Company, Gate City Beverage, Gold Coast Beverage, Golden Brands, Harbor Distributing, High Desert Distributing, Lee Distributors, Premium Distributors of Maryland, Premium Distributors of Virginia, Premium Distributors of Washington DC, and Windy City Distributing. For more information on the company, its portfolio of world-class beer brands and career opportunities, explore the company’s website at www.reyesbeerdivision.com.
- Posted in: Press Releases
- October 05, 2020