Wirtz Beverage Group, a Chicago-based leading North American spirits, wine and beer wholesaler, and McLane Company, Inc., a Texas-based global foodservice and supply chain leader, announced the companies have formed a joint venture and entered into an agreement with St. Louis-based Missouri Beverage Company.
“The dynamics of our continually changing industry require bold, dramatic moves if we are going to continue to drive value to our suppliers and customers. Our joint venture with McLane, and together our combined investment into a new state with Missouri Beverage, is a continued step in that direction,” said W. Rockwell ‘Rocky” Wirtz, President of Wirtz Corporation.
“With our focus on technology and an institutional knowledge of the Midwest marketplace, particularly in the states of Illinois, Wisconsin, Minnesota and Iowa, we can’t think of a better place, a better time or better partners,” Wirtz added.
The deal, which is expected to close in May 2013, will bring together the expertise of two industry leaders whose focus on integrating technology and logistics excellence into its operations have differentiated each from traditionally modeled organizations.
“When you can take the most advanced logistics company in the world, unite it with one of the top wholesalers in the country, and join forces with an established, respected on the ground distributor, you create an incredible amount of excitement and potential,” said Grady Rosier, President and CEO of McLane. “We are excited about the future and our new partners,” he added.
“It goes without saying, that joining forces with these two great organizations will be a game changer,” said Bill Reichhardt, President of Missouri Beverage. “Our new partners provide unprecedented insight and industry acumen that will be critical to expanding our service and operations,” Reichhardt added.
Missouri Beverage is a full-service distributor of spirits, wines, beers, juices and soda throughout the state. Bill Reichhardt will continue to serve as President. Terms of the deal were not disclosed.