RNDC files Chapter 11 to sell remaining business and wind down
Republic National Distributing Company filed Chapter 11 in the Southern District of Texas on July 26. Its voluntary petition reports consolidated assets of $500 million to $1 billion, liabilities of $1 billion to $10 billion and more than 100,000 creditors. The filing package authorizes DIP financing and establishes independent special committees with authority over potential claims involving related parties.
The company plans to sell its remaining business and cease operations, according to Yahoo Finance. That liquidation path follows sales of operations in 11 markets—including Texas, Florida and Colorado—to Reyes Beverage Group, plus the June divestiture of Oregon and Washington operations to Columbia Distributing. The liability range, broad creditor population and continuing asset-sale program make recoveries, transaction scrutiny and wind-down liquidity the immediate issues for stakeholders.