Southern Glazer's Wine & Spirits (SGWS) is acquiring Webb Banks, a Miami-based distributor that operates in 34 markets in the Pan-Caribbean region with over 200 distributor partners.
The deal is expected to close on March 31, and financial terms were not disclosed.
- The business will continue operating under the Webb Banks name and management team during the transition.
- SGWS will export the team and portfolio into Webb Banks and expand its reach in the Caribbean, Central America, and South America.
- The CEO, COO, and CFO of Webb Banks will report to SGWS East Region President.
- SGWS aims to elevate services for wholesalers and retail customers with Webb Banks' market expertise.
- Webb Banks' distribution roster includes Tito’s Handmade Vodka, Jägermeister, Disaronno, and Whistle Pig.
- The acquisition is expected to provide a game-changing opportunity for SGWS and expand its regional brand and market presence.
