ROSEMONT, Ill. – Premium Distributors of Virginia, L.L.C, a Reyes Holdings, L.L.C. company, has closed its acquisition of substantially all of the assets of Loveland Distributing Company, Inc., headquartered in Richmond, Virginia. The territory included in this transaction connects Premium Distributors of Virginia’s footprint with the footprint of Chesbay Distributing, another Reyes Beer Division company. The entire distribution area will now be serviced by Premium Distributors of Virginia.
This transaction makes Premium Distributors of Virginia the largest beer distributor in the Commonwealth of Virginia and solidifies Reyes Beer Division as the largest beer distributor in the Mid-Atlantic region.
Stephen Reyes, President of Reyes Beer Division East, said, “We are excited to welcome Loveland’s employees to the Reyes team. We look forward to growing our relationship with current supplier partners, as well as new suppliers unique to the Richmond area, and continuing to grow our business throughout the Mid-Atlantic region.”
PH McLaughlin, President of Premium Distributors of Virginia, said, “The PVA team is proud to continue to grow within Virginia – we are committed to being the brewers’ distributor of choice by providing unparalleled service and always striving to grow our customers’ bottom line.”
The acquisition of Loveland Distributing Company will add over 4.6 million cases and 2,100 customer accounts to the Premium Distributors of Virginia business across the Richmond, Virginia market.
About Reyes Holdings, L.L.C.
Reyes Holdings, aligned with leading beverage and foodservice providers, produces and delivers some of the best-known brands and widest variety of food and beverage items to retailers around the world. Annually, the company delivers more than1.3 billion cases of beverage and food products from over 170 locations across the world. Reyes Holdings operations include Reyes Beer Division, the largest beer distributor in the United States representing import, craft and domestic beer brands; The Martin-Brower Company, L.L.C., a global quick-service restaurant distribution business and the largest supplier worldwide of distribution services to the McDonalds restaurant system; Reinhart Foodservice, L.L.C., one of the largest broadline foodservice distributors in the United States; Great Lakes Coca-Cola Bottling, a dedicated Coca-Cola bottler and distributor serving Chicagoland and the Midwest; and Reyes Coca-Cola Bottling, a West Coast bottler and distributor of Coca-Cola products. Reyes Holdings is the 9th largest privately held company in the United States with more than 33,000 employees and annual sales exceeding $33 billion. For more information about Reyes Holdings, visit the company website at www.reyesholdings.com
About Reyes Beer Division
Reyes Beer Division (RBD) is dedicated to being the best distributor in the industry with distributorships in California, Florida, Illinois, Maryland, South Carolina, Virginia and Washington DC. RBD is committed to protecting the quality of its brewing suppliers’ brands through superior routing and warehouse and cold storage facilities, while growing those brands with a highly-trained sales team to best serve the retail customers of Allied Beverages, Chesbay Distributing, Chicago Beverage Systems, Crest Beverage, Florida Distributing Company, Gate City Beverage, Gold Coast Beverage, Harbor Distributing, Lee Distributors, Premium Distributors of Maryland, Premium Distributors of Virginia, Premium Distributors of Washington DC, Unique Craft Solutions and Windy City Distributing. For more information on the company, its portfolio of world-class beer brands and career opportunities, explore the company’s website at www.reyesbeveragegroup.com.