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Southern Glazer’s Wine & Spirits Announces Closing of Joint Venture Transaction with Jarboe Sales Company in Oklahoma

October 1, 2018

MIAMI & DALLAS--(BUSINESS WIRE)--Oct 1, 2018--Southern Glazer’s Wine & Spirits (“Southern Glazer’s”)— the world’s preeminent distributor of beverage alcohol —announced today that it has closed on its joint venture transaction with Jarboe Sales Company, LLLP. The joint venture was originally announced in December of 2017 and formally creates an integrated wine, spirits, and beer wholesaling operation that will operate under the name Southern Glazer’s Wine and Spirits of Oklahoma, LLLP.

Effective today, October 1, Southern Glazer’s Wine & Spirits of Oklahoma is now able to service a significantly expanded customer base of more than 3,700 grocery and convenience stores in the state, in addition to selling to its existing base of retail customers. The new company will now operate as part of Southern Glazer’s Central Region.

About Southern Glazer’s Wine & 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 employs more than 20,000 team members. 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 Twitter and Instagram @sgwinespirits and on Facebook at Facebook.com/SouthernGlazers.

About Jarboe Sales Company

Jarboe Sales Company is one of the oldest wine, liquor and beer wholesalers in the state of Oklahoma. They were one of the first companies to be issued a license after the repeal of Prohibition in the state in 1959. The company was founded by Joe R. Jarboe, who was elected as the first President of the Oklahoma Wholesalers Association. His son, John B. Jarboe, who served as legal counsel for Jarboe Sales Company, assumed Joe’s ownership interest in the company following the loss of his father in 1980. In 2004, John and his son, J.B. Jarboe II, became co-owners/partners. Over the years, Jarboe Sales has continued to furnish quality liquor, wine and beer products to Oklahoma bars, hotels, restaurants and liquor stores with their original philosophy in mind; that customer service based on honesty, integrity and respect is the key to our survival and success. For more information visit www.jarboesales.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181001005256/en/

CONTACT: Press:

Southern Glazer’s Wine and Spirits, LLC

Cindy Haas

Senior Director, Public Relations

Office: 305-625-4171, ext. 1166

Mobile: 786-498-7640

Email: cynthia.haas@sgws.com

or

Jennifer Hanlon

Senior Communications Specialist

Office: 305-625-4171, ext. 1534

Mobile: 305-989-9982

Email: jennifer.hanlon@sgws.com

KEYWORD: UNITED STATES NORTH AMERICA FLORIDA OKLAHOMA TEXAS

INDUSTRY KEYWORD: CONVENIENCE STORE RETAIL SPECIALTY WINE & SPIRITS

SOURCE: Southern Glazer’s Wine & Spirits

Copyright Business Wire 2018.

PUB: 10/01/2018 09:00 AM/DISC: 10/01/2018 09:01 AM

http://www.businesswire.com/news/home/20181001005256/en

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