Southern Glazer’s Wine & Spirits Completes Closing of Transaction with Horizon Beverage Group, Inc.

News > Business News

Audio By Carbonatix

9:00 AM on Friday, December 27, 2024

The Associated Press

MIAMI & DALLAS--(BUSINESS WIRE)--Dec 27, 2024--

Southern Glazer's Wine & Spirits (Southern Glazer's)—the world’s preeminent distributor of beverage alcohol—today announced the successful closing of its acquisition of substantially all of the assets of Horizon Beverage Group, Inc. (Horizon), one of New England’s premier alcohol distributors, including all of Horizon’s operations and wine, spirits and beer portfolio. Effective immediately, Horizon’s operations in Massachusetts and Rhode Island will operate under the name Southern Glazer’s Beverage Company.

The acquisition marks an exciting expansion for Southern Glazer’s, adding Massachusetts and Rhode Island as the 46th and 47th markets in its U.S. footprint, alongside operations in Canada and the Caribbean.

“With this acquisition, we’re combining Horizon’s deep regional expertise with Southern Glazer’s advanced technology and robust resources,” said Wayne E. Chaplin, Chief Executive Officer, Southern Glazer’s Wine & Spirits. “We are excited to bring customers and suppliers enhanced tools, data insights, and service offerings that position us to meet and exceed their needs in these vital markets.”

Both Massachusetts and Rhode Island markets will operate as part of Southern Glazer’s East Region, led by Scott Oppenheimer, East Region President.

“We are grateful to Horizon’s employees, customers, and partners for so many years of success, and this transition represents an even brighter future for all,” said Bob Epstein. “We’re confident that Southern Glazer’s strength and scale will not only support a smooth integration, but also create new opportunities for growth and success.”

“We’re committed to maintaining the exceptional service that Horizon is known for while bringing the added benefits of being part of the Southern Glazer’s family,” added Jim Rubenstein. “This partnership ensures stability and growth for all stakeholders and strengthens our ability to deliver value across the board.”

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/20241227660987/en/

CONTACT: Southern Glazer's Wine and Spirits, LLC

Cindy Haas Bruce

Vice President, Communications & CSR

Office: (305) 625-4171, ext. 1166

Mobile: (786) 492-7640

Email:[email protected] Monaco

Manager, Communications & CSR

Office: (305) 625-4171, ext. 1162

Mobile: (954) 870-1273

Email:[email protected]

KEYWORD: FLORIDA TEXAS UNITED STATES NORTH AMERICA