Pacific Ventures to acquire Convenient Wholesalers of America

US-based food and beverage distribution firm Pacific Ventures Group has agreed to acquire Convenient Wholesalers of America (CWA) for an undisclosed sum.

Convenient Wholesalers of America is a distribution company which distributes food, beverages and general merchandise to retailers, hotels, restaurants and other retailers and foodservice clients throughout the US, and Pacific Ventures Group estimates that the acquisition could boost its revenues by $40 million annually.

Pacific Ventures Group will acquire CWA’s 50,000 square foot warehouse in Fort Lauderdale, Florida, which has multiple docks for loading and unloading merchandise, as well as the company’s administrative facilities.

CWA stocks and distributes over 4,000 products from major company’s such as Hershey’s, Mars Wrigley Confectionery, Kellogg’s and more.

Shannon Masjedi, president and CEO of Pacific Ventures Group said: “We believe this acquisition significantly enhances our food and beverage distribution business with expansion to the southeast and will accelerate our sales of SnoBar.

“In addition to their existing footprint, we have identified opportunities to further expand Convenient Wholesalers of America’s geography and accelerate its business growth.”