Republic National Distributing Company (RNDC) announced that it has acquired from Young’s Holdings, Inc. the remaining fifty percent of Young’s Market Company, LLC, which includes distribution operations in the states of Alaska, Arizona, California, Hawaii, Montana, Oregon, Utah, Washington and Wyoming. The acquisition also includes Young’s Market Company’s part of the joint venture in Idaho. RNDC is now the sole owner of Young’s Market Company, LLC.
“We are proud of the work we have completed with our team in the Western region and are excited to acquire the remaining half of Young’s Market Company,” said Nick Mehall, President and CEO of RNDC. “Since joining RNDC, Young’s Market Company has made a significant impact on our business, and this acquisition will open the door to further investment in our Western region operations.”
Christopher Underwood, President and CEO of Young’s Holdings, Inc., said: “This transaction concludes a chapter that spanned multiple generations of the Underwood family. Our family’s passion for the spirit and wine business has not wavered. We are excited to focus our efforts and resources on growing Infinium Spirits into a global leader and further enhancing Wilson Daniels’s leadership in fine wine. Our relationship with RNDC will continue to be a critical part of our growth for years to come.”
The transaction closed on Nov. 1, 2022.
