Southern Wine & Spirits of America and Odom announce JV

Southern Wine & Spirits of America and The Odom, a multi-state beverage distributor, have formed a new wine and spirits joint venture to wholesale operations in the states of Oregon, Washington, Idaho and Alaska. According to the Southern-Odom agreement, the new company will also incorporate the Southern Wine Spirits West existing six-state control states operation in Idaho, Montana, Oregon, Utah, Washington and Wyoming. The new venture will encompass a strategic partnership for the distribution of wine throughout the Washington and northern Idaho; wine and spirits within Alaska; and the immediate establishment of a fully operational wine distributorship in Oregon. In a related transaction, the partnership has agreed to purchase certain wine and the spirits distribution rights from Alaska Distributors in the states of Alaska,... [read full story]