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Nebraska Ag News Headlines |
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Southern Wine and Spirits Acquires Sterling Distributing
Nebraska Ag Connection - 02/11/2016
Southern Wine & Spirits of America, Inc.--the nation's leading wine and spirits distributor with operations in 35 markets--announced it has entered into an agreement to acquire Sterling Distributing Company in Omaha. Sterling Distributing Company is
Nebraska's premier distilled spirits and fine wine wholesaler.
Commenting on the acquisition, Wayne E. Chaplin, president & CEO of Southern, said, "The Sterling Distributing Company is a great family-owned business with a talented workforce and a long-standing reputation in the state. Southern is honored by the
opportunity to work with and learn from the Sterling leadership and employees deeply engrained in the market and to bring our industry best practices and expertise to the Nebraska market. We anticipate a smooth transition with no disruption for employees,
suppliers and customers alike."
Greg Alevizos, chairman of Sterling Distributing Company, added, "This is an exciting time for our company, as we expect that Southern will help take our business to the next level in the beverage alcohol industry. We are confident Southern will continue
Sterling's heritage of providing superior stewardship of our exceptional supplier brands, outstanding service to our customers and exciting career opportunities for our dedicated and capable employees."
Closing of the acquisition is expected at the end of February, subject to final regulatory approvals. Southern has been licensed in Nebraska since August 2007. Upon the closing of Southern Glazer's Wine and Spirits, LLC in the second quarter of 2016, the
Sterling acquisition will be integrated into the new organization.
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