For Immediate Release Contact: Wayne E. Chaplin
President & Chief Operating Officer
Southern Wine & Spirits of America, Inc.
Telephone: (305) 625-4171
President & Chief Executive Officer
Alaska Distributors Co.
Telephone: (206) 622-7311
SOUTHERN WINE & SPIRITS OF AMERICA, INC. AND ALASKA DISTRIBUTORS CO. OF SEATTLE, WASHINGTON ANNOUNCE FORMATION OF SOUTHERN WINE/SPIRITS WEST IN PACIFIC NORTHWEST
STRATEGIC BROKERAGE PARTNERSHIP TO BUILD STRONGER FUTURE IN WASHINGTON, OREGON, IDAHO, MONTANA, UTAH AND WYOMING CONTROL STATE MARKETS
AGREEMENT EXPANDS SOUTHERN’S CONTROL STATE COVERAGE TO 14 STATES
MIAMI - April 18, 2006: In a strategic partnership whose aim is to strengthen wine and spirits brokerage operations across six Northwest states, Wayne E. Chaplin, President and Chief Operating Officer of Southern Wine & Spirits of America, Inc., Miami, Florida, the country’s largest wine and spirits distributor with operations in 21 states, and pending in six more, and Stephen Loeb, President and Chief Executive Officer of Alaska Distributors Co. of Seattle, Washington, one of the nation’s largest, multi-state wine and spirits distributors, announced the formation of a new joint venture that was formally Spirits West, a division of Alaska Distributors Co. The new Southern Wine/Spirits West operation will cover the Control State markets of Washington, Oregon, Idaho, Montana, Utah and Wyoming. The deal is expected to be effective sometime during May 2006.
Mr. Chaplin said, “We are excited to continue to build our Control State Group’s reach, which will now encompass 14 markets and cover approximately 65 percent of the total national Control State sales volume.” Mr. Chaplin added, “Our new partnership with Alaska Distributors is another landmark in the history of Southern Wine & Spirits of America. We are very proud that Steve Loeb and the entire Alaska Distributors team will remain in place, as we jointly add talent while fully collaborating with their team to ensure the success of this great Pacific Northwest partnership.”
Mr. Loeb said, “It's an exciting day for our Spirits West Division to partner with Southern Wine & Spirits of America. Their vision for a fully integrated Control State Group, focused on on-premise excellence and operational efficiencies, will help strengthen our existing operation and create more value for all our suppliers.”
Brad Vassar, Executive Vice President and General Manager of Southern Wine & Spirits of America, Inc., said, “Our Control State Group, led by Peter Hickey, Executive Vice President, General Manager-Control States Group of Southern Wine & Spirits of America and his dedicated team, will work closely with Mike McLaughlin, Vice President, Control States of Spirits West on all state liquor control board issues, national initiatives, and supplier and brand programs and strategies as well as implement best practices in all our control state markets.” Mr. Vassar added, “This new partnership will also help us as we align with our strategic suppliers across the West Coast. We look forward to working closely with Steve, Mike and the entire Spirits West team.”
About Southern Wine & Spirits of America, Inc.
Southern Wine & Spirits of America, Inc. is the nation’s largest wine and spirits distributor, with current operations in 27 states, including, pending approvals in the six Pacific Northwest states of Washington, Oregon, Idaho, Montana, Utah and Wyoming. The multi-state distributor currently operates in 21 states, including: Arizona, California, Colorado, Florida, Kentucky, Hawaii, Illinois, Maine, Massachusetts, Mississippi, New Hampshire, New Jersey, Nevada, New Mexico, New York, North Carolina, Pennsylvania, South Carolina, Vermont, Virginia and West Virginia. On a national basis, Southern Wine & Spirits of America, Inc. employs more than 10,000 team members.
About Alaska Distributors, Co.
Alaska Distributors Co., founded in 1934, distributes spirits, wine, beer and non-alcoholic beverages in Alaska and wine, beer and non-alcoholic beverages in Washington and Northern Idaho. As a broker, it operates in Washington, Oregon, Idaho, Montana, Wyoming and Utah. Their operating divisions include Alaska Distributors Co., Spirits West, Great Northern Beverage, Friendly Distributors and Harvest Vine Distributing and the Company employs more than 800 team members.