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Home Business St. Croix business CC One Virgin Islands LLC Buys Southern Glazer’s Wine & Spirits

CC One Virgin Islands LLC Buys Southern Glazer’s Wine & Spirits

Southern Glazer’s Wine & Spirits of the Caribbean LLC will be renamed after Jan. 31.

CC One Virgin Islands LLC has announced the acquisition of Southern Glazer’s Wine & Spirits of the Caribbean LLC, a premier beverage alcohol distribution company operating in the Virgin Islands, effective Jan. 31. Launched in 2012, Southern Glazer’s Wine & Spirits built a successful business in the Caribbean. CC One Virgin Islands, 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 Jan. 31st closing date.

Carlos Diaz, vice president of International Operations, CC1 Companies, said, “We are pleased to be the new owners of Southern Glazer’s Wine and Spirits of the Caribbean LLC. 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, CEO for Southern Glazer’s, said, “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.”

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About Southern Glazer’s Wines & Spirits

Southern Glazer’s Wine & Spirits is the world’s pre-eminent distributor of beverage alcohol, and proud to be a multi-generational, family-owned company. The company has operations in 44 U.S. states and the District of Columbia, Canada and the Caribbean, and it employs nearly 22,000 team members.

About CC1 Companies

CC One Virgin Islands LLC is a member of CC1 Companies. CC1 Companies are the proud owners of Coca-Cola Puerto Rico Bottlers, CC1 Beer Distributors, Inc., Coca-Cola Bottlers Trinidad & Tobago, Florida Caribbean Distillers LLC, Puerto Rico Coffee Roasters, KOSCAB (a joint venture between CC1 Companies, The Coca-Coca Company and BEPENSA), the bottling and distribution operation for Coca-Cola brands in Barbados, Grenada, St. Kitts, Antigua and St. Vincent’s. These

companies together employ over 3,000 people with annual sales of over $1 billion.

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