Tom Cole on RNDC/Young’s Tie-Up

Dear Client:Last week, news broke that Republic National Distributing Co. and Young's Market Company are teaming up, resulting in a combined footprint of 33 markets [see WSD 06-13-2019].HOW WE GOT HERE. In 2017, RNDC and Breakthru Beverage Group announced their intention to merge to stop Southern Glazer's Wine & Spirits from running away with the distribution tier. But after more than a year of merger negotiations, RNDC and Breakthru decided to call it quits, withdrawing their filing with the Federal