Redwood Capital to Buy Heidelberg Distributing for $1.1 Billion

Dear Client:  It's been rumored for months that Ohio-based Heidelberg Distributing—a top Anheuser-Busch distributor and a top 10 wine and spirits distributor—was up for sale. Now the company has officially announced that Heidelberg owners are selling the entire company to private equity firm Redwood Capital for a rumored $1.1 billion, sources told sister publication Beer Business Daily. Heidelberg announced the deal at the tail end of their annual sales leadership meeting on Friday. Redwood Capital is the investment firm for Jim Davis,