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Reyes Beverage Group to Acquire Loveland Distributing in Virginia

Posted On: Oct 10, 2018   |   Posted By: Brewbound

Reyes Beverage Group to Acquire Loveland Distributing in Virginia

Reyes Beverage Group has struck a deal in Virginia that will make it the Mid-Atlantic region's largest beer wholesaler.
Premium Distributors of Virginia, a Reyes subsidiary, has reached an agreement to acquire the assets of Richmond-based Loveland Distributing Company, Reyes announced in a press release.
Financial terms of the deal were not disclosed, but the transaction is slated to close in early December.
As part of the transaction, Premium Distributors will add 4.6 million cases of beer and take on 2,100 retail accounts from Loveland, according to the release. Premium Distributors also takes over a robust portfolio of brands that includes offerings from MillerCoors, Constellation Brands (Corona, Modelo, Ballast Point, Funky Buddha), Pabst Brewing, Boston Beer Company (Samuel Adams, Angry Orchard, Twisted Tea, Truly), Yuengling, Guinness, Lagunitas, Sierra Nevada, Stone Brewing, Bell's Brewery, and Deschutes, among others.
“We are grateful for the opportunity to grow and expand our operations and the...

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