Treasury Wine Estates Ltd (TWE), said it entered a long-term distribution agreement with Republic National Distributing Co. (RNDC).
The agreement will cover distribution in multiple markets, effective as early as July 1st, 2021 in California, with other states including Texas, Louisiana, Oklahoma, Kentucky, Mississippi, Utah, Wyoming, and Nebraska. Presently, RNDC distribute Treasury’s portfolio in Michigan, Georgia and New Mexico.
Ben Dollard, TWE Americas President said “with our divestiture of commercial wine brands, we decided to re-evaluate our business needs to position our company for future growth. Over the past several years, we have built meaningful relationships with key retailers. Our decision to partner with RNDC presents us a terrific opportunity to cultivate our trade partnership, to fast track growth, execute our plans, and build long-term value.”