Euclid Beverage’s parent company announces the purchase of a Caribbean beverage distributor

 

February 18, 2022

Clare Holdings LLC, a North Aurora, Illinois based diversified holding company, is pleased to announce that it has purchased TOPA Equities VI. The company will now be named Island Saints Corp.

Island Saints Corp. consists of the U.S. and British Virgin Islands beverage distribution companies: Bellows International, West Indies Company, Prestige Wine Group, Caribbean Cellars Ltd., and Leeward Islands Management Group.

โ€œIsland Saints Corp. is a great organization, one that shares in our family and business values. We believe the addition of these companies to Clare Holdings will create long-term growth for our customers, suppliers, and employees. This acquisition expands our mission to provide high-quality brands, exceptional service, and value to our customers throughout the Caribbean,โ€ said Emmett McEnery, President of Clare Holdings.

Clare Holdings LLC now owns and operates wholesale beverage distribution companies in the US and British Virgin Islands that sell a variety of brand-named products in the categories of beer, wine, spirits, tobacco, and non-alcoholic beverages.

Clare Holdings is a family-owned business that has been in operation since 1982. In addition to the companyโ€™s beverage distribution company (Euclid Beverage LLC.), its transportation subsidiary (Euclid Cartage Co) and real estate investment company (Summitt Enterprises), Clare has a strong distribution footprint in the Caribbean through its Merchants Market Group.

Merchants Market Group is the largest broadline food distributor servicing the Leeward and Virgin Islands. Merchants Market Group operates a duty-free warehouse in the Port of Palm Beach, Florida, that serves over 25 Caribbean Islands and has distribution warehouse facilities on St Thomas, St Croix, and Anguilla.

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