June 7, 2010 – Jacksonville, FL – Liquor Group Wholesale (Publicly Traded: LIQR) announced to shareholders a tentative
deal for the acquisition of several key privately owned Alcohol
Distribution Companies within their existing distribution network. “Part
of the unique opportunity we have before us our ability to acquire
private distribution operations that we already do business with in as
many as 30 markets on a stock-only vesting basis…” says C. J. Eiras, CEO
“…this makes our acquisition shopping list relatively easy to outline.”
The remaining process includes licensing and contractual documentation
however the parties have agreed in principle to the acquisitions.
In 2009, the company made two such acquisitions on a 20% per annum vesting
agreement: one is a statewide Alcohol Distribution company (nka
Liquor Group Illinois) the other is a statewide Alcohol Brokerage
Company (nka Liquor Group Iowa). These vesting agreements have
already proven to be profitable and successful; together adding roughly
$3M of asset value for shareholders during their first year of
operations under the Liquor Group banner.
In related news, Berkshire Hathaway (NYSE: BRK/A) recently began acquiring
Alcohol Distribution companies through their McLane Unit; starting by
gobbling up two mid-sized operations in the US as part of their overall
acquisition strategy within the industry. “Warren Buffet just put
Berkshire’s money into the acquisition of Alcohol Distribution
companies, perhaps it is a good investment strategy.” says C. J. Eiras.
Liquor Group’s successful innovative approach to the liquor and wine
distribution industry has been a key element in its organic growth and
has proven to be a key component in the development of many mid sized,
small and emerging alcohol brands. Liquor Group’s corporate model and
culture now finds success with larger, better known brands creating the
opportunity for expansion into additional states and markets. Liquor
Group’s ideology and business model offer brands versatility, bandwidth
and flexibility needed to flourish in this multi-hundred billion dollar
market.
Tags: Alcohol, Beer, Booze, Hooch, LIQR, Liquor, Moonshine, Stocks, Wine
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