CC One Virgin Islands has purchased Southern Glazer’s Wine & Spirits of the Caribbean, the SGWS beverage alcohol division operating in the Virgin Islands.
The deal is effective January 31, 2020.
CC One Virgin Islands is a member of CC1 Companies, and 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.
The new company will be renamed CC1 Virgin Islands Wine and Spirits, immediately, following the Jan. 31 closing date.
“We are pleased to be the new owners of Southern Glazer’s Wine and Spirits of the Caribbean,” says Carlos Diaz, Vice President of International Operations, CC1 Companies. “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.”
Southern Glazer’s Wine & Spirits of the Caribbean first launched in 2012.