McMillan family sells Coors Distributing to Dallas-based company
02/12/2014 12:00 PM
02/12/2014 11:49 PM
Coors Distributing Co., which has been owned by the McMillan family for nearly half a century, is being sold to Dallas-based Andrews Distributing of North Texas, the company announced Wednesday.
“We as a family have thoroughly enjoyed doing business here in Tarrant County and Johnson County for the past 48 years,” Larry Anfin, chief executive of Coors Distributing, said in a statement.
“As the executor of the estates of my grandfather and mother, I have a fiduciary responsibility to entertain all offers. Andrews Distributing made an offer that the family members felt was attractive, so we accepted it.”
Terms of the sale were not disclosed, but Anfin said the deal has been in the works for a while.
Coors Distributing has about 210 employees, he said. He expects that they will all go to work for Andrews Distributing and that the company’s name will change.
“That’s their call,” Anfin said.
The deal is expected to close within 60 days.
Top executives at Andrews Distributing did not return phone calls seeking comment.
This is the second Fort Worth beer distributorship acquired by Andrews Distributing. In 2008, Andrews bought a Miller distributor from the Craine family, which ran the business for 28 years in Tarrant County. That sale involved 240 employees. Andrews Distributing continued to operate the company at 1701 Pharr St.
“It’s no secret that the industry has leaned toward consolidation of brands, particularly following the merger that created MillerCoors,” Anfin said in his statement. “The two brands have moved to single distributors in a great number of markets throughout the United States. We have respected Andrews Distributing for running a smooth operation and servicing their customers well.”
Coors Distributing has about 3,000 accounts in Tarrant and Johnson counties. Its portfolio includes all Coors brands plus beers from Mexico, Belgium, England, Canada, Germany and the United States.
The company has long supported major Fort Worth events, including the Stock Show. This past week, Coors executives paid $200,000 for the grand champion steer. The company has been buying steers for more than 30 years.
Anfin said the family will continue to support community events, particularly the Stock Show, but “maybe not at the same level.”
Coors Distributing of Fort Worth, 2550 McMillan Parkway, was founded in 1966 by John McMillan and Ed Curtis. McMillan bought Curtis’ stock in 1974.
McMillan died in 2001, and his daughter, Jeri McMillan, operated the company until her death in 2007. Her sons, Larry, Randy, Tim and Dan, now own and run it.
Andrews distributes Miller and Coors brands in 16 North Texas counties and nine South Texas counties, according to its website.
Andrews Distributing was founded by Barry Andrews in his hometown of Corpus Christi in 1976. He expanded by acquisition into Dallas, Denver and Longview. From 1994 to 2003, Andrews acquired distributorships from Denison to Kingsville, the website said.
Today, Andrews Distributing has more than 1,100 employees, manages four warehouses totaling more than 680,000 square feet and maintains a fleet of over 500 vehicles.
Its portfolio consists of over 250 brands from 31 supplier partners and sales in excess of 27.7 million cases.
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