RNDC stated on Jan. 16, that it secured “significant” additional funding from “unnamed lenders.” This news comes shortly after the major distributor made headlines on Jan. 14 that it was negotiating to offload its business to Reyes Beverage Group in seven different states.
“We are pleased to have the continued support from our lending partners as we deliver against our priorities and pursue opportunities that strengthen our business and our role in the industry,” a statement from RNDC President and CEO Marc Sachs said according to The Spirits Business. “We are committed to ensuring our business remains a strong, profitable and valuable partner to all we serve, including our suppliers and customers. We are grateful for the patience and cooperation of our suppliers, the trust our customers place in us every day, and the dedication of our associates who deliver in the marketplace.”
The company shared that its roots date back to before Prohibition, yet the last few years for RNDC have been rocky. VinePair reported on Jan. 15 that the company’s troubles started in 2023, when Sazerac parted ways with RNDC. Sazerac’s departure led to legal battles between the two brands. In early 2025, a mass exodus of suppliers took place: Brown-Forman, Anheuser-Busch’s Cutwater, and Gallo’s High Noon parted ways with RNDC. The company also suffered the tragic death of its CEO, Bob Hendrickson.
Eventually, the distributor left California in June of 2025. RNDC’s troubles have continued into 2026, with the most recent departure of Proximo, the brand behind José Cuervo. Proximo left RNDC in early January, per Fingers.
“California played a significant role in how Proximo structured its national distribution,” an anonymous RNDC employee told the outlet, Fingers. “Following RNDC’s decision to close the California business, Proximo reassessed its overall approach and determined a different structure was warranted.”
VinePair reported that RNDC allegedly owed some suppliers thousands of dollars. The outlet shared that one wholesaler spoke under the condition of anonymity and had to open a new line of credit to afford business operations. Another supplier, a wine importer MHW Ltd., shared that it held off on fulfilling purchase orders from RNDC due to the company’s slow turnaround time on paying off its invoices.
In addition to receiving funding, RNDC made Marc Sachs its permanent CEO. Sachs secured the permanent position Jan 1.
“Following a comprehensive and throughtful search process, we are thrilled to name Marc as CEO and President of RNDC,” said Board Member Richard Davis in a statement. “Marc is a trusted leader with deep knowledge of markets, our partners, and our people. We appreciate all of the work he has put in during his time as interim CEO. His decades of experience, strategic insight and strong connection to the RNDC family make him uniquely positioned to guide the company forward.”
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