December 05, 2008
DBI Beverage Sacramento and DBI Beverage San Joaquin announced today that they have acquired the assets of Capital Beverage Co. and San Joaquin Beverage Co., respectively. Terms of the asset purchases were not disclosed.
DBI Beverage Sacramento and DBI Beverage San Joaquin are owned by DBI Beverage Inc. Capital Beverage and San Joaquin Beverage are the sixth and seventh beverage distributors that DBI Beverage Inc. has acquired since 2002.
"Capital Beverage and San Joaquin Beverage are great companies with exceptional reputations," said David B. Ingram, chairman of DBI Beverage Inc. "We are excited to welcome them to the DBI Beverage family of distributors. We are equally excited about our continued rapid growth in the Northern California market."
Earlier this year, DBI acquired the Napa and San Jose operations of Sherrat Reicher, owner of Hudson Beverage Company. Six of DBI Beverages seven acquisitions have been in Northern California.
DBI Beverage Sacramento, which formed in 2007 when DBI Beverage Inc. acquired Mesa Beverage, will absorb Capital Beverage Sacramento operations. The combined operations will have 324 full-time associates and distribute approximately 10 million cases of beverages. Annual revenues will be approximately $145 million.
DBI will maintain branches in Chico, Calif., and Truckee, Calif., that were part of Capital Beverage.
DBI Beverage Sacramento distributes products from MillerCoors, Heineken USA, FEMSA, Diageo-Guinness, New Belgium Brewing and other beverage suppliers.
DBI Beverage San Joaquin will assume all San Joaquin Beverage Co. operations. That operation has 110 employees and annual revenues of approximately $48 million. It distributes products from MillerCoors, Crown Imports, Heineken USA, FEMSA 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 more than $350 million and distribute 25 million cases of beverage products a year.
DBI Beverage Inc. also owns beverage distributors in Napa, San Francisco, San Jose and Memphis, Tenn. 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, Tenn., just outside of Nashville.
DBI Beverage Inc. facts
- Distributors: six (California: Sacramento, Napa, San Francisco, San Joaquin and San Jose; Tennessee: Memphis)
- Associates: 950
- Cases: 25 million
- Revenue: $350 million
- Founded: 2002