Grand Prairie, Texas-based Republic National Distributing Company, the second-largest beverage alcohol distributor of premium wine and spirits in the United States, has announced the successful closing of the sale of operations in eleven markets to Rosemont, Illinois-based Reyes Beverage Group.
The sale has impacted 2,774 employees across six states, according to conditional WARN layoff notices filed with respective state agencies. Employment turbulence is expected as Reyes onboards brands, partners, customers, and employees.
According to Marc Sachs, President and Chief Executive Officer of RNDC, “Today marks an important milestone for everyone involved, and we are grateful for the partnership and collaboration that helped bring the transaction to completion. We also appreciate the dedication and professionalism demonstrated by our associates across all of our markets. Throughout this process, our focus has been on creating opportunities for our associates and supplier partners while supporting a thoughtful and orderly transition across these markets.”
Change is constant, and it's coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?