Monday, July 8, 2019
La Vergne, TN, July 8, 2019 – DBI Beverage Inc. (DBI) announced today that it has entered into an agreement with Harbor Distributing, L.L.C., a Reyes Beer Division company (Harbor), to sell substantially all of the assets of DBI’s beverage distribution business in Northern California. The transaction is scheduled to close in September.
“I am very proud of the business and relationships that DBI has built in Northern California over the years. We wouldn’t be the strong company we are today without our wonderful team of associates. I am confident that the Reyes family will continue to grow our operations and know that our business is in good hands,” said David B. Ingram, Chairman of DBI, about the Harbor transaction.
David B. Ingram entered the alcoholic and non-alcoholic beverage distribution business with the acquisition of Crown Distributing Co., Inc., a Coors beer distributor in Memphis, TN, in 2002, followed by the acquisition of Golden Brands Bottling Company, Inc. in San Francisco, CA in 2005. Over the following years, DBI grew to employ more than 1,000 associates, servicing nearly 14,000 retail customers in 29 counties in Northern California, and selling approximately 28 million cases annually, from nearly 100 suppliers, including, MillerCoors LLC, Constellation Brands, Mark Anthony Brands, Boston Beer Co., Sierra Nevada, Heineken USA, Diageo-Guinness, Anchor Brewing Company, Bear Republic, Deschutes, Drakes, Firestone Walker, New Belgium, Russian River, and 21st Amendment.
Tom Reyes, President of Reyes Beer Division West, said, “DBI Beverage is a great company and has strong operations in Northern California. We are grateful for the opportunity to continue to grow our business and expand our footprint to the northern part of the state. We anticipate a smooth transition and look forward to welcoming our new employees and building new relationships in the local communities.”
Tom Day, Chief Executive Officer of Reyes Beer Division, said, “We look forward to building great relationships with our new customers and our new employees. This transaction enables us to take further advantage of our scale while providing more opportunities for our organization. It also marks Reyes Holdings’ continued commitment to invest in the beer business. Over the past year, we’ve grown our operations in Chicago, Richmond, San Diego, Santa Fe Springs and Santa Maria, and we are thrilled to add Northern California to that list.”
FOR MORE INFORMATION CONTACT: Pam Garrison, email@example.com, (615) 287-4042