Southern Glazer’s Wine & Spirits Announces Acquisition of Horizon Beverage Group, Inc.
2024年7月26日 - 1:30AM
ビジネスワイヤ(英語)
Deal Expands Southern Glazer’s Presence into
Massachusetts and Rhode Island Markets
Southern Glazer's Wine & Spirits (Southern Glazer's) —the
world’s preeminent distributor of beverage alcohol—today announced
its plans to acquire Horizon Beverage Group, Inc. (Horizon), one of
New England’s premier alcohol distributors. The deal includes all
of Horizon’s operations in Massachusetts and Rhode Island, as well
as their wine, spirits, and beer portfolio, and makes these two
states the 46th and 47th markets in Southern Glazer’s U.S.
footprint, in addition to Canada and the Caribbean.
Upon completion of the acquisition, the business will operate
under the Southern Glazer’s Wine & Spirits of Massachusetts and
of Rhode Island names, respectively. The current Horizon leadership
teams in both states will continue leading operations in those
markets and will work closely with Southern Glazer’s East Region
President Scott Oppenheimer. All of Horizon’s family members and
leadership team, including Co-Chairmen, Bob Epstein and Jim
Rubenstein, will also continue in their current roles to help
ensure a smooth transition for all employees, suppliers, and
customers.
“The Epstein and Rubenstein families have spent four generations
building an exceptional business and legacy in New England that we
have admired for years,” said Wayne E. Chaplin, Chief Executive
Officer, Southern Glazer’s Wine & Spirits. “Horizon’s
dedication to innovation and operational excellence, along with
commitments to social responsibility, environmental sustainability,
corporate citizenship, and diversity, create an ideal match for
Southern Glazer’s business and culture. We expect all existing and
new supplier partners, as well as customers, to benefit from our
two companies’ strengths and expertise, and look forward to
building on the great foundation already established in the
valuable Massachusetts and Rhode Island markets.”
Formed in 1933, Horizon has grown to be one of the largest
beverage alcohol distributors in New England, with long-standing
supplier relationships with some of the world’s top beer, wine and
spirits brands. The company currently employs more than 600 people,
operates 800,000 square feet of warehouse space and has a fleet of
nearly 100 delivery vehicles.
Added Bob Epstein, “We have full confidence in a seamless
transition for all of Horizon’s valued team members and partners. I
have enjoyed a more than 50-year relationship with the Chaplin
family. Southern Glazer’s is the ideal partner with the size, scale
and strength to support our employees well into the future, and to
maintain our promise of high-quality service for customers and
suppliers in New England.”
“Horizon’s trading partners will gain access to Southern
Glazer’s world-class commercial, supply chain, digital, and data
insights capabilities,” commented Jim Rubenstein. “In addition,
joining the broader Southern Glazer’s family provides our talented
and passionate employees even greater skill development and career
growth opportunities. I trust this next step in our journey will be
incredibly positive for all parties.”
The deal is expected to close upon regulatory approval.
About Southern Glazer’s Wine & Spirits
Southern Glazer’s Wine & Spirits is the world’s preeminent
distributor of beverage alcohol, building brands for moments that
matter. The multi-generational, family-owned Company has operations
in 44 U.S. states, the District of Columbia, and Canada, as well as
brokerage operations through its WEBB Banks division in the
Caribbean, Central and South America. In 2024, Southern Glazer’s
was recognized by Newsweek as one of America’s Greatest Workplaces
for Diversity and America’s Greatest Workplaces for Women. Southern
Glazer’s urges all retail customers and adult consumers to market,
sell, serve, and enjoy its products responsibly. For more
information visit www.southernglazers.com. Follow us on Facebook,
Twitter and Instagram @sgwinespirits.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240725627579/en/
Southern Glazer's Wine and Spirits, LLC Cindy Haas Vice
President, Communications & CSR Office: (305) 625-4171, ext.
1166 Mobile: (786) 492-7640 Email: cynthia.haas@sgws.com
Sofia Estevez Manager, Communications & CSR Office: (305)
625-4171, ext. 1162 Mobile: (954) 870-1273 Email:
sofia.estevez@sgws.com