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Sad to see another locally owned company being bought buy out of state group.
John, you are so right. From a business standpoint here’s another company you can no longer do business with because they are controlled elsewhere. I wish Indiana companies were the ones doing the buying once in a while, but that rarely is the case. On a secondary note, Indiana should lift all alcohol restrictions and let the free market dictate who can buy and sell. Why do we need all these controlling and restrictive laws? Who are they protecting in this day and age?
Agree!
Just like Indiana’s antiquated banking laws led to pretty much all of our banks being aquired by out of state banks, our antiquated alcohol laws have led to this.
I agree wholeheartedly!
I have lived in other States – when I try to explain Indiana Liquor Laws, no one believes me. You can’t buy Cold Beer at Kroger? You have to go to a separate store for Cold Beer? What?
Exactly so! Monarch will become just another branch warehouse, and Lawrence will lose an excellent corporate citizen (and a major supporter of local nonprofits).
Monarch Beverage and Phil Terry were great corporate and individual citizens in our community, sorry to lose them. What is not well known is that when it moved to its newly built location in Lawrence, it sold its “old” building to Gleaners Food Bank, that was needing a new location and had been searching for a couple of years. Sale price and terms of payment were very kind to Gleaners, thank you Monarch and Phil. When Gleaners moved in, the place (office, warehouse, storage, everything) was spotless. You could tell Monarch was a well run business by the way it cared for its property. We can only hope that the buyer shows the same sense of responsibility to its workers and the community.
It’s SO sad to see Monarch ownership sold to out-of-staters. Monarch and Phil Terry have been such good corporate ‘neighbors’ to fellow Hoosiers. Thank you Monarch for your many good works.
Also sad to see a local company selling to out-of-state buyers. Monarch and Phil, thanks for all you’ve done and tried to do opening up the free market in our state.
Tim O-
Pennsylvania is even weirder in its alcohol laws!