Martignetti Companies to Acquire RNDC's National Control State Business
BOSTON, MA and GRAND PRAIRIE, TX - Martignetti Companies and Republic National Distributing Company (RNDC) today announced that they have reached an initial agreement for Martignetti to acquire RNDC's Control State operations. The transaction includes the states of Alabama, Idaho, Iowa, Maine, Michigan, Mississippi, Montana, New Hampshire, North Carolina, Ohio, Oregon, Pennsylvania, Utah, Vermont, Virginia, West Virginia and Wyoming. The pending transaction is expected to close this summer, subject to customary regulatory approvals and closing conditions.
Martignetti currently operates in the six New England states. The potential acquisition positions Martignetti to offer a complete control state platform, giving Martignetti’s supplier partners and customers a single, unified solution across every control state market in the U.S.
"We have built a strong, service-driven model in New England, including three successful control states, and are eager to bring that experience to scale on behalf of supplier and customer partners,” said Carmine and Carl Martignetti, Principals of Martignetti Companies. “We are excited about the opportunity to welcome members of RNDC’s talented team to Martignetti.”
"Martignetti Companies brings deep experience in control state markets and a strong reputation for execution," said Marc Sachs, President and Chief Executive Officer of RNDC. "This pending agreement reflects a thoughtful process, and I want to recognize the professionalism and commitment of our teams who have built these businesses market by market."
Until the transaction is completed, RNDC and Martignetti Companies will continue to operate as separate businesses.
Additional details will be shared as appropriate as the process moves forward.
About Martignetti Companies
Established in 1908, Martignetti Companies is the leading distributor of wines, spirits, and beer in New England and ranks as the sixth largest wine and spirits distributor in the United States. Headquartered in Taunton, Massachusetts, Martignetti serves on-and off-premise customers across six New England states. For more information, visit www.martignetti.com.
About Republic National Distributing Company
As a leading beverage alcohol distributor specializing in wine and spirits, RNDC brings the industry’s brightest talent together to ignite opportunity for suppliers, customers, and associates. Through strong relationships across the on- and off-premise, RNDC helps build brands, drive execution, and connect products with the consumers they are intended to serve. Guided by a commitment to excellence, collaboration, and long-term partnership, RNDC is focused on being the most valuable partner to all we serve. With roots extending before Prohibition and a forward-looking approach to distribution, RNDC operates within the three-tier system at the intersection of craft, scale, and execution. The company works in the rare space where passion for the category meets unrelenting quality, continuously raising the bar for beverage alcohol distribution and delivering meaningful value across the industry