Ronnoco Beverage buys dispensed beverage provider Trident Beverage
Missouri-based Ronnoco Beverage Solutions has acquired Houston-based dispensed beverage provider Trident Beverage for an undisclosed price.
Established in 2004, Trident Beverage offers a range of beverage and dispenser options to offices, daycares, schools, restaurants, bars and other food venues across the US.
Ronnoco Beverage Solutions said that the acquisition of Trident Beverage, which is its ninth so far, will enable it to become a one-stop coffee and beverage solution provider to fit the requirements of every customer.
Trident Beverage’s president John Walker and vice president Patrick Walker will keep an investment stake in the company and will continue to run the business.
Terry McDaniel – CEO of Ronnoco Beverage Solutions said: “We view the addition of Trident Beverage as a combination of strengths as we continue to strategically increase market share to better provide our partners with a one-stop, full line of beverage solutions.
“We are incredibly enthused to add John, Patrick and their dedicated team to advance our mission for continued growth and innovative expansion through our combined portfolio of high-quality products, brands and equipment focused on customer service and experience.”
Ronnoco Beverage Solutions further said that its latest acquisition will continue to grow its service area footprint with new channels, which includes the K-12 market – supplementing the company’s existing product categories and geographic distribution.
Trident Beverage is also said to have a strong presence in the growing category of frozen drinks and cold beverage products, which gives scope for Ronnoco Beverage Solutions to expand the offerings to the convenience channel.
John Walker said: “We are pleased to unite fronts with a company that is so aligned with our larger priorities.”
“Together, our extended line of complementary product offerings and service areas creates natural synergistic opportunities for expansion across the combined platform.”
Established in 1904, Ronnoco Beverage Solutions now serves more than 40 states in the US.