Southern and Glazer form JV
Southern Wine & Spirits of America, Inc., the nation's largest wine and spirits distributor has formed a joint venture with Glazer Distributors to form a new company called Southern/Glazer's Distributors of America.
According to the two companies, this new national strategic joint venture for wine, spirits and malt beverages will cover the 38 states that represent more than 80 percent of the total wine and spirits volume in the United States.
Wayne E. Chaplin, President and Chief Operating Officer of Southern Wine & Spirits of America, Inc. and who will serve as Chief Executive Officer of the new strategic joint venture, said, "The combination of the resources of our two great companies will bring greater scale and synergies to the marketplaces we serve and, therefore, allow us to be better partners to both our suppliers and our retailer customers.
This new strategic joint venture will not include the states of Illinois and Arizona, or Glazer's malt beverage business. Closing of the transaction is subject to certain regulatory clearances.