The deal will see both companies trade as separate entities with PLB looking after the off-trade business and Bibendum focused on the on-trade.
A third party, Walker and Wodehouse Wines, will also join the group. Walker and Wodehouse will focus on supplying independent merchants and regional wholesalers.
Jeffrey Fredericks, founder and chairman of PLB said: “PLB will continue to run as an individual trading company, but, as part of the Bibendum PLB Group, the vision of being able to offer the number one service to all areas of the UK trade will be realised. As a family business, it was very important to us that we found the right partner and we have found that with Bibendum. The two companies now join to become the UK’s most powerful independent drinks company in the UK and a unique route to market for any supplier.”
Michael Saunders, chief executive of the Bibendum PLB Group said: “Consolidation has been a widely discussed topic in the industry for several years as companies strive to grow in a low margin and complex market. By uniting the strengths of Bibendum with the strengths of PLB, and maximising the expertise within each trading company, our new group will be uniquely placed to offer customers the best possible service.”