Amcon Distributing acquires Richmond Master Distributors, terms undisclosed

Amcon Distributing announced it has signed an asset purchase agreement to acquire Richmond Master Distributors of South Bend, Indiana. Amcon will continue to serve Master Distributors customers from its location in South Bend. Upon completion of this acquisition, Amcon will be servicing approximately 7,900 locations in 33 states. The transaction is expected to close in the company’s third quarter of fiscal 2024, subject to customary closing conditions.