Reyes Buying Frenzy Continues with Two More Acquisitions
Reyes Beer Division (RBD) has agreed to acquire Paradise Beverages, Inc. in the state of Hawaii. The transaction is scheduled to close in early December, according to Shanken News Daily. The acquisition adds about 8.9 million cases to RBD’s overall operations, and includes brands from Molson Coors, Constellation, Boston Beer, Diageo, Heineken USA, Maui Brewing and others. RBD will operate the business as Hawaii Beverage, LLC and will maintain all five existing distribution facilities across the state.
Also this month, Reyes announced that it will purchase Capitol Wright Distributing in Austin, Texas. The deal will add about 16 million cases. The two deals come less than a month after Reyes announced the acquisition of DET Distributing in Tennessee.
The Paradise acquisition makes Hawaii the 12th state that Reyes will now sell beer in.