April 01, 2008
DBI Beverage Napa and DBI Beverage San Jose announced today that they have acquired the Napa and San Jose, CA, operations, respectively, Sherratt Reicher's of Hudson Beverage Company. Terms of the asset purchases were not disclosed.
DBI Beverage Napa and DBI Beverage San Jose are owned by DBI Beverage Inc.
The Hudson Beverage operations are the fourth and fifth beverage distributors that DBI Beverage Inc. has acquired since 2002. Four of the five acquisitions have been in Northern California.
"Sherratt Reicher and the Hudson Beverage team have built a great business and a strong customer base," said David B. Ingram, chairman of DBI Beverage Inc. "Our goal is to continue that success and commitment to customer service."
Combined, Hudson Beverage has 205 employees and $90 million in revenues.
DBI Beverage Napa will take over Hudson Beverage's Napa operation, which was started by Sherratt's father, Bob Miller, 40 years ago and then later purchased by Bob's brother Clark Miller. It has 85 employees and annual revenues of approximately $35 million. It distributes products from Miller Brewing, Coors Brewing, Diageo-Guinness, Heineken USA, New Belgium Brewing, and other beverage suppliers.
DBI Beverage San Jose will assume Hudson Beverage's San Jose operation, which started in 2002. That operation has 120 employees and annual revenues of approximately $55 million. It distributes products from Miller Brewing, Coors Brewing, Heineken USA (FEMSA), New Belgium Brewing, and other beverage suppliers.
DBI Beverage Inc. focuses on acquiring successful distributors in growing markets. With these acquisitions, the company will have annual revenues of $250 million and distribute 15 million cases of beverage products a year.
DBI Beverage Inc. also owns beverage distributors in Sacramento, San Francisco, and Memphis, TN. A sister company, Ingram Entertainment Inc., is the nation's largest DVD and video game wholesale distributor. DBI Beverage Inc. and Ingram Entertainment Inc. are both wholly owned by David B. Ingram and are headquartered in La Vergne, TN, just outside of Nashville.