Oct 27th
Empire Distributors and McLane Enter Agreement to Acquire Horizon Wine and Sprits (Official Release)
Source: McLane Company
Empire Distributors, Inc. and McLane Company, Inc. have entered into an agreement to acquire Horizon Wine and Spirits, Inc., a beverage distributor based in Nashville and Chattanooga, Tennessee. This acquisition, which is subject to customary closing conditions, is McLane's second since entering the regulated beverages distribution industry in April 2010, when it purchased Empire. "McLane and Empire are very excited about our agreement to acquire Horizon and enter the Tennessee market," said David Kahn, President of Atlanta-based Empire. "Tommy Bernard has built one of the finest and most highly respected companies in our industry, and we look forward to providing Tommy our full support and resources to continue Horizon's leadership in the market and to position ourselves for further growth in Tennessee and beyond."
About McLane: McLane is a $30 billion supply chain services leader, providing grocery and foodservice supply chain solutions for thousands of convenience stores, mass merchants, drug stores and military locations, as well as thousands of chain restaurants throughout the United States. With 38 modern distribution centers and one of the nation's largest private fleets, the company optimizes the purchase, flow and sale of products from thousands of suppliers to over 54,000 locations. Every year, McLane delivers over 10 billion pounds of merchandise to satisfied customers in every state and county in the U.S. The company also provides logistics services in Brazil and exports to over 25 countries around the world. McLane is a wholly owned unit of Berkshire Hathaway Inc. and employs 15,000 teammates globally. For more information, please visit www.mclaneco.com.
About Empire Distributors: Empire was founded in Atlanta, GA in 1940 by Max Kahn as a small family owned local distributor of spirits and wine. The company grew to service the state of Georgia and entered the North Carolina market thru acquisition in the 1980s. Empire is led by the third generation of Kahn family and is a leader in distribution of spirits, wine, beer and non-alcoholics in the markets they serve. Empire employs 800 people and distributes over 10,000 skus to more than 8,000 accounts. The company is a wholly owned subsidiary of McLane Company. For more information please visit www.empiredist.com.
