J.J. Taylor Distributing, Minnesota’s largest beer wholesaler, has announced plans to acquire Day Distributing Co., an employee-owned wholesaler based in Maple Plain, Minn.
Specific financial terms of the transaction were not disclosed, however, the deal is expected to be finalized in October.
“We’re excited to bring the brands from Day Distributing Co. into the J.J. Taylor family,” Mike Bamonti, the company’s president and general manager said in a press statement. “The acquisition of the brands fits extremely well with our current operations. We believe that this sort of win-win-win transaction is good for J.J. Taylor, good for the employee owners of Day Distributing Co. and Day’s suppliers.”
J.J. Taylor also operates a distributorship in Florida.Between the two states, J.J. Taylor Companies distributes approximately 28 million cases of beer annually. The move will enable J.J. Taylor to expand both its geographic footprint as well as its portfolio of offerings.
With Day’s business, J.J. Taylor’s territory will now extend throughout a number of additional Minnesota counties, including Anoka, Wright, Carver, Scott, Dakota, Western Hennepin, McLeod, with partial coverage in Goodhue, Rice, LeSueur, Blue Earth, Waseca, Steele, Meeker and Sibley.
There is also considerable preexisting brand overlap between the two companies’ portfolios. Both sell beer from August Schell, Pabst Brewing, Diageo, Summit Brewing and more.
It’s the latest in a string of distributor transactions announced this year. Last week, Farrell Distributing announced it would purchase G. Hausen’s portfolio in Vermont. And, earlier this month, A-B InBev said it would purchase two wholesale businesses — Horizon Beverage and M.E. Fox Company — in Northern California. A-B also agreed to purchase American Eagle Distributing in Loveland, Colo., and R. Ippolito Distributing in Staten Island, New York earlier this year.