Alliance Entertainment Corp. said it bought the retail music distribution business of Plano, Texas-based Anderson Merchandisers in a deal that would push Alliance revenue above $1 billion. A purchase price wasn’t disclosed.
Alliance has maintained executive offices in Irvine and the bulk of its operations in Sunrise, Fla., since its 2013 purchase by Super D Inc., which was based in Irvine.
It distributes CDs, DVDs, Blu-ray discs, vinyl records, and video games to Barnes & Noble, Kmart and Books-A-Million. It adds Walmart and Best Buy with the recent acquisition.
Anderson has been divesting its retail distribution units in music, movies and books to focus on in-store marketing services, according to media industry magazine Billboard.
Alliance has revenue of about $700 million and the Anderson unit’s revenue is about $350 million, Billboard said.
Alliance’s main distribution center is in Kentucky, and Chief Executive Jeff Walker said Anderson operations would consolidate there.
—Paul Hughes
