Southern Glazer’s to acquire Clare Rose
US distributor Southern Glazer’s Wine & Spirits has agreed a deal to acquire Long Island-based Clare Rose Inc for an undisclosed sum.
Clare Rose distributes Anheuser-Busch’s portfolio in New York state, which includes Cutwater Spirits, NÜTRL Vodka Seltzer and BeatBox Beverages, as well as its beer brands.
It is the leading distributor of beverage alcohol within the Long Island area and covers Nassau and Suffolk counties.
The deal is expected to close during the first half of the year.
Wayne E Chaplin, president and chief executive officer of Southern Glazer’s, said: “We are thrilled to welcome the Clare Rose team to the Southern Glazer’s family. Clare Rose’s long-standing reputation for operational excellence, coupled with its exceptional people and portfolio, makes this a natural fit for our growth strategy.”
President of commercial sales Mark Chaplin added: “This acquisition builds on the strong foundation we’ve established with Southern Glazer’s Beverage Company of New York and expands our ability to serve customers across the broader New York area.
“This next step further strengthens our total beverage capabilities and positions us for continued growth in this critical market.”
Once the deal is finalised, and Clare Rose merges into Southern Glazer’s Beverage Company of New York, the company’s operations will continue from Southern Glazer’s distribution facility in Yaphank, Long Island.
Sean Rose, Clare Rose’s chief executive officer, said: “For more than 90 years, Clare Rose has proudly served Long Island with unwavering dedication to our customers, brands, and community.
“We couldn’t be more pleased to transition our business to another multi-generational family company that shares our values, our commitment to people, and our passion for building great brands.”
Southern Glazer’s, the biggest spirits distributor in the US, expects ‘continued consolidation’ across all tiers of distribution in the US this year.
Earlier this week, the company appointed a senior strategic advisor. In February, it opened a state-of-the-art distribution centre in South Carolina.
The company is also planning to reduce its workforce, which will affect just over 1% of employees.
In other US distribution news, Reyes Beverage Group has agreed to take over Republic National Distributing Company’s operations in 11 states.
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