Joe G. Maloof & Co. Company Description
Joe G. Maloof & Co. is a wholesale beer and liquor distributor in New Mexico. It distributes products made by Miller, Coors, Corona, Tecate, Heineken, Guinness, and Red Bull. The distributorship is owned by the Maloof family, whose Maloof Cos. owns the Sacramento Kings and the Sacramento Monarchs professional basketball teams, as well as the ARCO arena where they play. The family also owns the Palms Casino in Las Vegas and is a major shareholder in Wells Fargo Bank. The Maloofs also have holdings in television, music, and motion pictures. The family's presence in New Mexico dates back to the 1890s, when Lebanese immigrant Joe Maloof opened a small general-goods store.
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The Company Description provides a historical perspective of Joe G. Maloof & Co.'s organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Joe G. Maloof & Co.'s evolution in the marketplace.
