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From: lewis.perdue@wineindustryinsight.com

Subject: AlcBev DTC merger creates nation's largest alcohol beverage DTC logistics provider - April 6, 2020 - WINE NEWS FETCH

Date: 2020-04-06 17:28:38

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AlcBev DTC merger creates nation’s largest alcohol beverage DTC logistics provider
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DAILY NEWS FETCH - April 6, 2020

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TODAY'S BREAKING NEWS


AlcBev DTC merger creates nation’s largest alcohol beverage DTC logistics provider


Updates and reaction will be posted at this link: AlcBev DTC merger creates nation’s largest alcohol beverage DTC logistics provider  

Early reaction is just coming in, but this merger indicates that WineDirect now takes the second place spot in the DTC standings with Copper Peak coming in third.

 News Release, April 6, 2020

Wineshipping and 24 Seven Combine To Provide Overnight Ground Delivery for Wine Industry

Napa, Calif. – Wineshipping and 24 Seven Enterprises which includes Pack n’ Ship Direct and Vin-Go, all industry leaders in direct to consumer (DTC) wine fulfillment solutions, today announced the completion of a business combination.

The combined entity will be part of Wineshipping’s parent, DTC Logistics, and creates the nation’s largest alcohol beverage DTC logistics provider.  

The new venture is a perfect fit combining complementary capabilities and expertise into a best- in-class partner providing DTC solutions to wine producers, retailers, e-commerce and wholesale companies.

Through a combined national network of temperature-controlled locations in every region of the country, the new enterprise will have the capability to serve consumers with same-day delivery to major metropolitan areas and one to two-day ground delivery to all other locations.

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 Eric Lewis, who joined Wineshipping in January 2020 from recent executive positions at Amazon, Google and Casper, will continue in his role as Chief Executive Officer of DTC Logistics headquartered in Napa, CA.  

“DTC Logistics will drive more winery and e-commerce sales with same day and overnight delivery. By offering the delivery standards that consumers have come to expect, we predict that customers will adapt their beverage alcohol buying behaviors, purchasing more products, more often,” said CEO, Eric Lewis.  

“Today, more than 50% of most product categories are purchased online and delivered directly to the consumer. Moving from brick-and-mortar to mobile devices allows consumers to shop more frequently and easily. Consumers demand their goods faster and with more visibility. These demand shifts are driving an increased need for speed, accuracy and innovative solutions in the wine and spirits industry where less than 10% of sales are direct to consumer.

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  Wine and alcohol are poised to see a significant shift to DTC. The combined capabilities resulting from this business combination uniquely position the DTC Logistics team – and our customers – for the evolution that is happening in our market,” said Lewis.  

“This combination of companies brings together two very talented like-minded teams that will be dedicated to delivering operational excellence and unsurpassed customer service,” said James Delaney, 24Seven Enterprises, Inc. Founder and CEO.

“Our partnership provides producers   and retailers the ability to efficiently scale their DTC businesses. We are pleased to offer the tools we have developed to better manage inventory, accuracy, forecasting and the overall consumer experience.”  

The board of directors of the combined company will include Charlie Baxter as Chairman, James Delaney, Jason Eckenroth, Eric Lewis as well as Rachel S. Foltz and John von Schlegell of private equity firm, Endeavor Capital.  

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About Wineshipping, LLC

  Founded in 1998, Wineshipping LLC is the leading direct to consumer wine logistics and fulfillment company in North America. The company provides fulfillment, storage and transport services tailored specifically to the wine industry.   the leading direct to consumer alcohol e- commerce Third Party Logistics (3PL) company in the United States. 24 Seven Enterprises is the parent company of both Vynapse LLC dba Pack n’ Ship Direct and Vin-Go LLC.  

About Endeavor Capital

  Founded in 1991 Endeavor Capital invests in Western U.S. based, middle-market companies in partnership with founders, family owners and managers.

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World-class technology from a family business that cares about your wine.

Ganau: Family-owned and operated for three generations, Ganau has spent decades developing the way cork is processed in order to meet the demands of eminent winemakers around the world. Ganau focuses on sustainable practices and innovative production techniques, as it aims to produce optimally performing wine closures while maintaining cork’s status as a renewable resource. -- Founded on the Italian island of Sardinia in 1941, Ganau relies on eight decades of experience and the integration of modern technology in its pursuit to produce the finest corks possible. Ganau is the first choice of successful winemakers who value purity, performance and reliability.




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Lewis Perdue
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Email: lewis.perdue@wineindustryinsight.com