Reyes Beer Division Closes Acquisition of Loveland Distributing Company, Inc. In Richmond, Virginia

ROSEMONT, IL – December 7, 2018. Premium Distributors of Virginia, L.L.C, a Reyes Holdings, L.L.C. company, has closed its acquisition of substantially all of the assets of Loveland Distributing Company, Inc., headquartered in Richmond, Virginia. The territory included in this transaction connects Premium Distributors of Virginia’s footprint with the footprint of Chesbay Distributing, another Reyes Beer Division company. The entire distribution area will now be serviced by Premium Distributors of Virginia. This transaction makes Premium Distributors of Virginia the largest beer distributor in the Commonwealth of Virginia and solidifies Reyes Beer Division as the largest beer distributor in the Mid-Atlantic region.

Stephen Reyes, President of Reyes Beer Division East, said, “We are excited to welcome Loveland’s employees to the Reyes team. We look forward to growing our relationship with current supplier partners, as well as new suppliers unique to the Richmond area, and continuing to grow our business throughout the Mid-Atlantic region.”

PH McLaughlin, President of Premium Distributors of Virginia, said, “The PVA team is proud to continue to grow within Virginia – we are committed to being the brewers’ distributor of choice by providing unparalleled service and always striving to grow our customers’ bottom line.”

The acquisition of Loveland Distributing Company will add over 4.6 million cases and 2,100 customer accounts to the Premium Distributors of Virginia business across the Richmond, Virginia market.

SOURCE: Reyes Holdings