Dallas alcohol companies Prairie Creek Beverages and Southwest Distillery & Winery are merging to form production and distribution company Southwest Spirits & Wine.
No jobs will be cut with the merger, with the company employing 20 full-time workers. Prairie Creek will move its employees to Southwest’s offices and 100,000-square-foot production facility at 9761 Clifford Drive, Ste. 100, northwest of Love Field.
Financial terms of the deal were not disclosed.
Founded in 2013 by Mike Howard, Prairie Creek Beverages develops alcohol brands, including J.R. Ewing Bourbon, featured on the TV show “Dallas.” It also owns three wine brands: Match Wines, Top Spin Wines and Manuscript Wines.
Prairie Creek distributes its products to 35 states.
Howard, who served as Prairie Creek’s CEO, will be president of Southwest Spirits & Wine.
Southwest Distillery & Winery was founded and moved into its distribution facility in 2014. The company operates a distillery and produces alcohol products like Nue Vodka, Backwoods moonshine and Jackson Morgan, a whiskey liquor. It produces 600,000 cases of alcoholic products annually.
Its CEO, Sarvesh Sharma, will serve as CEO of the merged company.
Combined, Southwest Distillery & Winery and Prairie Creek generated $10 million in sales last year. Though he declined to give specific sales targets, Howard said the merger will further grow revenue by expanding the company’s distribution network and services.
Southwest Distillery & Winery’s distribution network includes North Texas distributors like Grand Prairie-based Republic National Distributing Company and Dallas' Glazer’s Inc., which merged with Miami’s Southern Wine & Spirits in January to form Southern Glazer’s Wine & Spirits LLC. Now co-headquartered in Dallas and Miami, Southern Glazer's boasts 20,000 workers and is expected to log around $17 billion in annual sales.
Author:Rogers Healy Phone: 214-676-4270 Dated: April 13th 2016 Views: 207 About Rogers: Rogers Healy, a native Texan, has lived in Dallas for the majority of his life. Before moving to Dal...
View our latest blog posts in your RSS reader. Click here to access.
Rogers Healy and Associates Real Estate is a DFW based residential and commercial real estate company that was founded in 2007 by Rogers Healy. RHAdfw is passionate about developing long lasting relationships with clients while representing them to buy, sell or lease any home in DFW.