RNDC, Young’s Market Finalize Joint Venture DealAugust 1, 2019
Republic National Distributing Co. (RNDC) and Young’s Market Company have formally closed their deal to form a new joint venture across all of Young’s 10 markets.
Originally announced June 13, the RNDC-Young’s combination will create an $11 billion wholesale giant with a 32-market footprint and a 19% market share, second only to Southern Glazer’s 32% share. RNDC will lead operations in all 32 markets and become managing partner of the joint venture for the Young’s states, which will continue to be called Young’s Market Company. As a result of the new partnership, RNDC will now employ nearly 13,000 people.
“The deal is final and we are eager to begin capitalizing on the strengths of both companies,” said RNDC president and CEO Tom Cole, who will hold the same title at the new joint venture. “Through the partnership with Young’s Market Company, RNDC has a strong foundation for its expansion to the West Coast.”—Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.