Southern Glazer's Wine & Spirits has agreed on a deal to purchase Webb Banks, the largest wine and spirits distributor in the Caribbean market. Expected to close at the end of March, the acquisition will see SGWS assume control of the Miami-based distributor’s 200 partners operating across 34 markets.
Webb Banks is also the leading distributor of wine and spirits in the travel retail sector, including the cruise channel. The existing SGWS travel sales and export team, and associated portfolio, will transition to Webb Banks.
“Webb Banks has experienced tremendous growth over the past several years thanks to a collaborative company culture, strong strategic partnerships, and in-depth knowledge of the markets in their region,” noted Scott Oppenheimer, President of the East Region at SGWS. [Business Wire]
Leading distributors have moved to bolster their national footprint in recent months. Last November, Southern Glazer's also partnered with Union, a data-driven hospitality engagement platform, to support their on-premise customers. [BevNet]
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