Nashville: Horizon Wine & Spirits acquired by Berkshire Hathaway unit
on 29/10/10 at 1:50 pmIndustry
Nashville-based Horizon Wine & Spirits has agreed to be acquired by the McLane Co. of Temple, Texas, and Atlanta-based Empire Distributors, the companies have announced.
The move expands McLane and Empire’s alcoholic-beverage distribution business into Tennessee. Horizon, founded in 1947, also has operations in Chattanooga and says it’s the state’s largest distributor of alcoholic beverages.
McLane, a $30 billion food-service supply company and a unit of Warren Buffett’s Berkshire Hathaway Inc., in April acquired Empire, which distributes alcoholic beverages in Georgia and North Carolina. It was McLane’s first move into the alcoholic-beverage business.