Southern Wine & Spirits of America and Glazer's Distributors Progress toward Joint Venture

In an effort to maximize efficiency for their various supply chain partners, Southern Wine & Spirits of America, Inc. (Southern) and Glazer's Distributors (Glazer's), are pleased to announce that the two companies have jointly retained the management consulting firm of A.T. Kearney, Inc.

A.T. Kearney is a leading high-value-added management consulting firm headquartered in Chicago, Illinois. James E. Morehouse, Senior Vice President at A.T. Kearney, commented, "We are pleased to have been selected as Southern and Glazer's consulting partner, and will utilize our cross-industry and cross-functional expertise to bring to bear best-in-class practices to this strategic joint venture. We see this strategic joint venture as having great potential to drive synergies and to create efficiencies for customers and suppliers."

The two companies continue to work toward the close of the strategic joint venture once legal and regulatory issues are cleared.

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