By: Brandy Christine, Financial Reporter
Executives of Liquor Group Wholesale, Inc. (OTCBB:LIQR) were in attendance at the Annual Wine & Spirits Wholesalers Association Conference (www.WSWA.org), the largest Liquor and Wine Distribution Conference in the US, however they were not just shopping the trade show floor for new alcohol beverage brands to represent. Liquor Group Wholesale Execs took the opportunity to initiate face to face talks with several state level distribution companies regarding the acquisition of their companies by Liquor Group through stock purchase.
“Our organic growth in this down market, including our triple digit increase in sales last quarter is truly amazing. We continue to be a profitable organization overall…” says C. J. Eiras, CEO “…however our organic growth strategy could be escalated through acquisitions, so we have begun the initial talks with strategic entities that can strengthen our distribution bandwidth.”
Liquor Group Wholesale is reviewing the potential of other distributors that have voiced an interest in being acquired and has begun soliciting the trade for acquisitions. As many in the industry profess, the liquor and wine industry has seen a rapid pace of consolidation over the past several years, and many small to mid sized state level distribution companies are suffering the effects of this consolidation push. The implementation of this new expansion strategy fulfills yet another commitment Liquor Group Wholesale made to its’ shareholders when the firm was taken public in 2008.