Walmart, 7 Eleven, And Safeway Are Among the New Retailers That Hispanica Will Have Access to in This Acquisition
NEW YORK, NY / ACCESSWIRE / July 11, 2016 / Hispanica International Delights of America, Inc. (HISP), a diversified food and beverage company in the Hispanic and ethnic food industry, announced today the closing of the acquisition of Energy Source Distributers, Inc. (ESD). ESD is a direct store beverage distributor in the San Jose, CA and Northern California Region. ESD generated nearly $3 million dollars in revenues in 2015 and is a strong player in the Energy drinks, Iced Teas, Lemonade, Water, and Craft Beers which have been the leading growth drivers for this successful distribution business. ESD is located in a 15,000 sq. ft. warehouse in Gilroy, CA allowing Hispanica Delights to have a centrally located hub in the important Northern California Region.
ESD distributes beverages in the counties of Santa Clara, Santa Cruz, Alameda, San Benito, and Monterey in which they service more than two thousand locations. ESD enjoys exclusive and coveted vendor numbers including top retailers in the US such as 7 Eleven, Safeway, Nob Hill, Lucky's, Walmart and others.
"This is the first acquisition of many we are currently evaluating. The speed in closing this acquisition just days after announcing the signing of our $7.5M credit facility is a testament to the swift execution of our business plan we have outlined to the investment community." Stated Mr. Fernando Oswaldo Leonzo, Chairman and CEO of Hispanica International Delights of America, Inc.
"Gaining access to the largest retailers in the US such as Walmart and Safeway is a big asset to HISP and will give us an excellent recognition in the food and beverage distribution business" said Mr. John Romagosa, President of Hispanica.
"We expect to add a significant increase to our top line revenues from this acquisition considering that ESD has generated several million dollars in revenues over the past couple of years and their growth rate continues in the Northern California Region." Said Mr. Robert Gunther, Chief Operating Officer of Hispanica.
About Hispanica International Delights of America, Inc.
