Acquisition Reflects Major Brands’ Long-term Strategy to Rebuild Business
St. Louis, MO –Major Brands Inc., a leading Missouri distributor of premium wine, spirits, beer and non-alcoholic beverages, is pleased to announce the signing of a purchase agreement to acquire Garco Wine Company. Garco is a small, family-owned independent Missouri distributor of fine wines, based in St. Louis. The agreement is scheduled to take effect early next year.
Major Brands CEO Susan B. McCollum said, “We are very excited about this opportunity to bring in new brands that will enhance our fine wine portfolio, and expand their distribution to customers and consumers across Missouri. This acquisition is part of our long-term strategy to attract new suppliers and customers, as we work to rebuild our business following unlawful terminations. Joining forces with Garco will also help ensure the viability of independent, resident Missouri wholesalers in our highly competitive marketplace.”
“We are delighted that Michael Cohen will be joining Major Brands as Sales Director of New Business Development. Mike cares deeply about his customers and the wines he represents – from the local varietals of Missouri wineries to the finest vintages from around the world. He brings a lifetime of experience, a depth of knowledge and a passion for personal service that will make him a great addition to our team.”
“Major Brands is a natural fit for us,” Cohen said. “As third-generation family owned businesses, we have similar corporate philosophies, grounded in the same core values. We both understand the importance of building enduring relationships with our suppliers. We share the same dedication to bringing quality products to market.
“Most importantly, we both are committed to providing outstanding service to all our customers,” Cohen said. “I look forward to helping Major Brands find new strategic opportunities to grow its business in the years to come.”
Subject to customary due diligence and regulatory approvals, the transaction is expected to close early next year.
Major Brands is Missouri’s leading distributor of premium wine, spirits, beer and non-alcoholic beverages, and the largest distributor that remains Missouri-owned and operated.