Acquisition of Richmond-based Loveland Distributing by Reyes’s Richmond-based Premium Distributors of Virginia will make Reyes the largest Mid-Atlantic beer distributor with operations in Maryland, Washington, D.C., and Virginia. Terms weren’t disclosed.
Loveland has more than 2,100 customer accounts in the Richmond area and a distribution territory extending from Caroline County to the north, to near the North Carolina border to the south, Goochland County to the west, to James City County to the east.
Loveland has an extensive portfolio, including Coors, Deschutes, Dos Equis, Guinness, Lagunitas, Miller, Moosehead, New Holland, Pabst, Samuel Adams, Sierra Nevada and Yuengling.
The transaction is expected to close in December.