A Brief History of Southern Wine & Spirits of Ohio

On July 31, 2007, Southern Wine & Spirits of America, Inc., the nation’s leading wine and spirits distributor and Control States Broker announced that it had acquired Paramount Distillers, Inc., which is based in Cleveland, Ohio. Six months later, Southern then acquired Postiy Wine & Spirits of Ohio, which is based in Columbus, Ohio. Taken together, these two acquisitions established Southern Wine & Spirits of Ohio.

Commenting on the significance of the Ohio announcement, Wayne E. Chaplin, President and Chief Operating Officer of Southern Wine & Spirits of America, said: “Our latest acquisition in Ohio will allow us to benefit from the synergies of our previously announced acquisition of Paramount Wine & Spirits’ Brokerage operations in July. The combined effect of these acquisitions will add significant value to the brokerage business in Ohio.” Mr. Chaplin added, “We envision Ohio playing a strategic role in our overall Control State business, as it represents the third largest Control State market in the U.S. in distilled spirits sales; its operations will blend well with our established and industry-leading National Control State Team, which is led by Peter Hickey, Executive Vice President, General Manager-Control States Division.”

Commenting on the Ohio acquisition, Mr. Hickey said, “We are excited about the prospects and opportunities of working in Ohio and we are confident and determined to continue to grow market share for all our Ohio Supplier Partners.”

Robert A. Manchick, Chairman of Paramount Distillers, Inc. said, “Our Company has been operating in this market since 1934 and we are honored and confident in entrusting the future of our brokerage organization to the Southern Wine & Spirits of America team. We are certain in their ability to take the business to the next level on behalf of our suppliers and the State of Ohio, which we are proud to serve.”

Mr. Chaplin also noted “We are grateful that Chuck Manchick will continue in his current capacity to help us better understand and ensure the continuity of the Paramount Brokerage business in Ohio. We welcome him and the Paramount Distillers Brokerage team to our growing Southern family.”



About Southern Wine & Spirits of America, Inc.

Southern Wine & Spirits of America, Inc. is the nation’s largest wine and spirits distributor and broker with operations in 35 markets. The multi-state distributor currently operates in: Alabama, Alaska, Arizona, California, Colorado, Delaware, the District of Columbia, Florida, Kentucky, Hawaii, Idaho, Illinois, Indiana, Iowa, Maryland, Maine, Michigan, Minnesota, Mississippi, Montana, Nevada, New Hampshire, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Utah, Vermont, Virginia, Washington, West Virginia and Wyoming. Southern also holds operating licenses and permits in Nebraska and Texas. On a national basis, Southern Wine & Spirits of America, Inc. employs nearly 14,500 team members. Southern urges all retail customers and adult consumers to market, sell, serve and enjoy its products responsibly. For more information about Southern and its responsible consumption program, see: http://www.southernwine.com.

Southern Wine & Spirits of America, Inc. Announces Establishment of Southern Wine & Spirits of Delaware

Strengthens Its Position in Ohio with the Acquisition of Postiy Wine & Spirits of Ohio
Robinson Cooper Hired as Vice President, General Manager in Ohio


Source: Centre Daily Times
Jan 8th

In a related transaction, Southern Wine & Spirits of America, Inc. announced it had acquired Postiy Wine & Spirits of Ohio, which is based in Columbus, Ohio.

Commenting on the significance of the Delaware and Ohio announcements, Wayne E. Chaplin, President and Chief Operating Officer of Southern Wine & Spirits of America, said, "The Delaware acquisition solidifies our position as one of the major players in the Northeast Corridor of the United States, a region where we feel there is still strong opportunity for future growth. All told, this latest news brings Southern Wines & Spirits of America's coverage to a total of 29 states. These states represent 68 percent of the total wine and spirits business in the U.S."

Mr. Chaplin added, "This latest acquisition in Ohio will allow us to make an immediate impact and benefit from the synergies of our previously announced acquisition of Paramount Wine & Spirits' Brokerage operations in July. The combined effect of these acquisitions will allow us to add significant value to the brokerage business in Ohio." (The Company's latest Ohio acquisition follows the July 16, 2007 Southern Wine & Spirits of America, Inc. announcement of its purchase of Paramount Distillers Brokerage operations in Ohio from Paramount Distillers, Inc. - For more information, log onto: \www.southernwine.com, and click on News.)

Strengthening Southern's Ohio Presence

In connection with the Ohio announcement, Peter M. Hickey, Executive Vice President, General Manager-Control States Division of Southern Wine & Spirits of America, Inc., said that Robinson Cooper has been appointed Vice President, General Manager of Southern Wine & Spirits of Ohio. The appointment is effective January 1, 2008.

In noting Rob Cooper's appointment, Mr. Hickey said: "I am delighted that Rob is joining Southern. He will start in his new role on January 1, 2008 and report to me. Rob comes to us from Beam Global Spirits and Wine, where he last served as Regional Marketing Director for the Control States. Rob has been an exceptional performer in the spirits industry throughout his career. He brings an extensive experience level and dynamism that will be key as we look to drive the business in this important new market. Rob has held sales and marketing roles with major suppliers such as Beam, Bacardi, Allied Domecq and Seagram in regional positions, as well as in key markets such as Pennsylvania, New York and New Jersey. He has delivered superb results in each. Rob also has early distributor/broker experience with Margolis and Superior in Pennsylvania." Mr. Cooper said, "I am thrilled and extremely honored to join this world-class organization and look forward to all of the challenges and opportunities that lie ahead in overseeing the Southern Wine & Spirit of Ohio's operation. In doing so, I will maintain the single-minded goal of meeting and exceeding the expectations of all of our trading partners."

Mr. Hickey added: "Following the news of our entry into Ohio earlier this year with the acquisition of Paramount Distillers Brokerage operations and recognizing the strength of both individual sales organizations, we are extremely confident about the prospects and opportunities of working in Ohio and we are more prepared than ever to grow market share for all our Ohio Supplier Partners." He added that: "I am confident that Rob will add a great deal to our continuing success in Ohio. I also want to acknowledge Don Postiy's continuing role in assisting our entire team and helping us during this period of transition and growth; we are excited that Don has agreed to stay on and help us build Southern Wine & Spirits of Ohio."