Southern Glazer’s Wine & Spirits said CC One Virgin Islands, LLC has acquired Southern Glazer’s Wine & Spirits of the Caribbean, LLC, the Company’s beverage alcohol division operating in the Virgin Islands, effective Jan. 31, 2020. Terms weren’t disclosed.
CC One Virgin Islands, LLC, a member of CC1 Companies, is the official distributor of Coca-Cola sparkling and still brands in the USVI, BVI and Grand Cayman.
CC One Virgin Islands will continue to operate separately from the new entity created by the sale of Southern Glazer’s Wine and Spirits of the Caribbean, LLC, which will be renamed CC1 Virgin Islands Wine and Spirits, LLC immediately following the January 31st closing date.
Carlos Diaz, Vice President of International Operations, CC1 Companies stated, “We continue to grow our portfolio of sparkling and still brands, and the acquisition of Southern Glazer’s Caribbean operation solidifies our strategy to become a total beverage company.”
Brad Vassar, Chief Operating Officer for Southern Glazer’s added, “We believe we found a great organization in CC1 Companies, one that shares our business values and will continue to exceed the expectations of suppliers and local customers. Our experience in USVI has been positive and energizing for our Company and we want to express our thanks and gratitude to the amazing group of local team members who have helped make the business in this market a success. However, at this time we’ve decided to focus on our U.S. and Canadian business where we feel we can strategically deliver the most value for our suppliers and our Company.”