MARTIGNETTI COMPANIES TO ACQUIRE CONNECTICUT‘S HARTLEY & PARKER

Martignetti Companies announced it has entered into a definitive agreement to acquire Hartley & Parker Limited, Inc. in Connecticut, further expanding the Company’s footprint in New England. Hartley & Parker Limited, Inc., based in Stratford, is a premiere statewide distributor of fine wines and spirits, owned by the Rosenberg family. The Company has been servicing the Connecticut market for more than 80 years.  Its portfolio consists of more than 6,000 brands from around the world and serves more than 5,000 on and off-premise accounts across the state. Over the course of its history, the Company has been recognized for its integrity, superior support to its customers and supplier partners, and commitment to nearly 200 associates. With this acquisition in Connecticut, Martignetti extends its distribution footprint across New England, and will now be the only wine and spirits distributor with operations in all six states in the region.

Martignetti and Hartley & Parker reflect strong family traditions, complementary customer-based operating models, and high standards of professionalism in their management teams and colleagues. The combined Company will offer a portfolio of exceptional brands with coordinated sales and marketing capabilities for its customers and suppliers across New England.

Carmine and Carl Martignetti, principals of Martignetti Companies, commented, “We are pleased to welcome Hartley & Parker’s talented team to the Martignetti family of companies and look forward to working together in the Connecticut market.  Led by Jerry and David Rosenberg, the Rosenberg family has built an exceptional business over an 80-year history.  We are committed to building on that legacy and to providing our combined employees, customers, and suppliers with a platform for growth.  We look forward to creating shared success in the future.”

Jerry and David Rosenberg said they “feel honored to be part of the Martignetti Companies, where family traditions, professionalism, and the pursuit of greater relationships with employees, customers, and suppliers are paramount.   We also feel the Martignetti’s will be able to bring added resources and experience to the Connecticut market to enhance our future potential.”

The acquisition is expected to close in the first half of this year.