MARTIGNETTI COMPANIES TO ACQUIRE RNDC’S NATIONAL CONTROL STATE BUSINESS

Martignetti Companies and Republic National Distributing Company (RNDC) today announced that they have reached an initial agreement for Martignetti to acquire RNDC’s Control State operations.  The transaction includes the states of Alabama, Idaho, Iowa, Maine, Michigan, Mississippi, Montana, New Hampshire, North Carolina, Ohio, Oregon, Pennsylvania, Utah, Vermont, Virginia, West Virginia and Wyoming.  The pending transaction is expected to close this summer, subject to customary regulatory approvals and closing conditions.

Martignetti currently operates in the six New England states.  The potential acquisition positions Martignetti to offer a complete control state platform, giving Martignetti’s supplier partners and customers a single, unified solution across every control state market in the U.S.

“We have built a strong, service-driven model in New England, including three successful control states, and are eager to bring that experience to scale on behalf of supplier and customer partners,” said Carmine and Carl Martignetti, Principals of Martignetti Companies.  “We are excited about the opportunity to welcome members of RNDC’s talented team to Martignetti.”

“Martignetti Companies brings deep experience in control state markets and a strong reputation for execution,” said Marc Sachs, President and Chief Executive Officer of RNDC.  “This pending agreement reflects a thoughtful process, and I want to recognize the professionalism and commitment of our teams who have built these businesses market by market.”

Until the transaction is completed, RNDC and Martignetti Companies will continue to operate as separate businesses.

Additional details will be shared as appropriate as the process moves forward.