June 22, 2015
In a joint news release, beverage wholesalers DBI Beverage Inc. (DBI) and Valley Wide Beverage Company (Valley Wide) are pleased to announce their separate acquisitions of product distribution rights and related assets of Cencal Beverage Co., LLC (Cencal), located in Ceres, California. Together, the assets acquired represent substantially all of Cencal's beverage distribution rights and related assets. Other terms of the asset purchases, which closed yesterday, were not disclosed.
DBI's purchase is expected to add 2.2 million product cases to DBI's existing annual beverage sales, while Valley Wide anticipates its transaction will increase its annual volume by 600,000 cases. Both DBI and Valley Wide plan to continue to provide all former Cencal customers in these newly acquired territories with the pre-acquisition Cencal portfolio of brands and products. DBI will service customers in its new territory out of the location in Ceres used by Cencal immediately prior to these purchases, while Valley Wide will service customers in its newly acquired territory from Valley Wide’s current distribution facility in Fresno, California.
"Cencal Beverage Co. has been a successful distributorship in a growing market with exceptional associates and products," said David Ingram, DBI's Chairman, and Lou Amendola, Valley Wide President, in a joint statement. “We welcome them to our respective corporate families and look forward to the continued growth these acquisitions will bring to each separate company.”
DBI and affiliates also have California beer distribution operations in Stockton, Chico, Napa, Sacramento, San Jose, San Francisco, Truckee and Ukiah. With this acquisition, that group of DBI companies will, on a consolidated basis, distribute an estimated 29 million cases of beverage products annually and employ approximately 1,100 associates. Valley Wide will now distribute an estimated 8 million cases of beverage product annually out of Fresno with a team of approximately 275 associates.