DALLAS, TX – April 6, 2015 – Beam Suntory plans to transition distribution of its entire spirits portfolio in the state of Colorado to Republic National Distributing Company (RNDC), effective May 1, 2015.
Tim Hassett, President of North America for Beam Suntory, said his company sees excellent upside opportunity in Colorado and plans to accelerate growth in the state in the years ahead.
“We have a strategy to double our global business by 2020 and are working diligently towards that objective,” said Hassett. “To this end, we are pursuing a US route-to-market strategy that relies on having the right strategic partner in each market that can deliver our ambitious growth targets. After careful consideration and evaluation, we are pleased to announce our new long-term partnership with Republic National in Colorado. We are making this change because we believe RNDC is best suited to fulfill our strategy in this state, and we look forward to the growth our future partnership here will bring.”
Tom Cole, President of RNDC-USA, said we are excited about this opportunity in Colorado with the new Beam Suntory. He continued: “We are committed to Beam Suntory’s impressive strategy for industry leading growth and look forward to the mutual success of our two companies across the states in which we do business together.”
About Beam Suntory Inc. As the world’s third largest premium spirits company, Beam Suntory is Crafting the Spirits that Stir the World. Consumers from all corners of the globe call for the company’s brands, including the flagship Jim Beam bourbon and Yamazaki Japanese whisky, as well as world renowned premium brands including Maker’s Mark and Knob Creek bourbons, Hakushu and Hibiki Japanese whiskies, Teacher’s, Laphroaig, and Bowmore Scotch whiskies, Canadian Club whisky, Courvoisier cognac, Sauza tequila, Pinnacle vodka, and Midori liqueur. The company generates annual worldwide sales exceeding $4 billion excluding excise taxes.
Beam Suntory was created in 2014 by combining the world leader in bourbon and the pioneer in Japanese whisky to form a new company with a deep heritage, passion for quality, innovative spirit and entrepreneurial culture. Headquartered in Deerfield, Illinois, Beam Suntory is a subsidiary of Suntory Holdings Limited of Japan. For more information on Beam Suntory, its brands, and its commitment to social responsibility, please visit www.beamsuntory.com and www.drinksmart.com.
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