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