Marine View represents more than 120 international, national and local beer, energy and water suppliers. The deal furthers Columbia’s commitment to building brands and diversifying its portfolio. Terms weren’t disclosed. The transaction, which involves a majority of Marine View’s assets, is expected to close on April 30, 2018.
“Columbia is a growth company and we all benefit from this – our employees, our brands, the consumer and the community,” said Chris Steffanci, Columbia’s president and CEO. “As a company with deep roots in the Pacific Northwest, we take great pride in the creation of 3,000+ living-wage jobs, offering exceptional beverage choices and variety for the consumer, and sharing our success through many community partnerships.”
“This acquisition drive’s Columbia’s brand promise: To provide ongoing, sustainable opportunities and growth for all. We’re purchasing a first-class industry leader and have tremendous respect for the business Marine View has built,” added Steffanci.