US: DBI Beverage Sacramento and DBI Beverage San Joaquin have acquired the assets of Capital Beverage Co. and San Joaquin Beverage Co. Terms of the asset purchases were not disclosed.
DBI Beverage Sacramento and DBI Beverage San Joaquin are owned by DBI Beverage Inc. Capital Beverage and San Joaquin Beverage are the sixth and seventh beverage distributors that DBI Beverage has acquired since 2002.
DBI chairman David B Ingram said: "Capital Beverage and San Joaquin Beverage are great companies with exceptional reputations.
"We are excited to welcome them to the DBI Beverage family of distributors. We are equally excited about our continued rapid growth in the Northern California market."
Earlier this year, DBI acquired the Napa and San Jose operations of Sherrat Reicher’s Hudson Beverage Company. Six of DBI Beverage’s seven acquisitions have been in Northern California.
DBI Beverage Sacramento, which formed in 2007 when DBI Beverage Inc. acquired Mesa Beverage, will absorb Capital Beverage’s Sacramento operations. The combined operations will have 324 full-time associates and distribute approximately 10 million cases of beverages. Annual revenues will be approximately $145 million.
DBI Beverage Sacramento distributes products from MillerCoors, Heineken USA, FEMSA, Diageo-Guinness, New Belgium Brewing and other beverage suppliers.
DBI Beverage San Joaquin will assume all San Joaquin Beverage Co. operations. That operation has 110 employees and annual revenues of approximately $48 million. It distributes products from MillerCoors, Crown Imports, Heineken USA, FEMSA and other beverage suppliers.
DBI Beverage Inc. focuses on acquiring successful distributors in growing markets. With these acquisitions, the company will have annual revenues of more than $350 million and distribute 25 million cases of beverage products a year.
DBI Beverage Inc. also owns beverage distributors in Napa, San Francisco, San Jose and Memphis, Tenn.
