US: DSC redeems shares held by Shermans

Most popular

Could a Pernod offload revolutionise wine?

Why drinks companies will struggle to break Gen Z

Wine's race to the top - whither value?

How to ride the 'Gen Z' wave in the on-premise

The just-drinks Analyst returns


David Sherman Corporation (DSC) has redeemed the stock in the company held by the Sherman family. Prior to this redemption, announced earlier this week, the Lux and the Sherman families owned equal interests in the company.  This purchase will result in the Lux family owning and controlling 100% of the DSC outstanding stock.

In actions related to the redemption, company president Donn Lux has been elected to the board of directors, and Paul A. Lux has been appointed board chairman.

Following the announcement, Donn Lux said: "I am extremely grateful for David Sherman Jr.'s continuing support and assistance to DSC. David has been an important source of knowledge, and has provided important service and expertise to the liquor industry. Through mutual cooperation, we have brought the company to the point where this transaction was possible and beneficial to both the Lux and the Sherman Families."

David Sherman, Jr. added: "Donn Lux has been an extremely effective and successful president of DSC.  I am confident of the company's continued growth and success under Donn's able leadership."

Founded in 1958 by Paul A. Lux and David Sherman, Sr., DSC is an importer, bottler and marketer of national and regional brands of beverage alcohol.

Sectors: Spirits

Related Content

Distilled Spirits Council hails

Distilled Spirits Council hails "banner year" for spirits sector in US - figures...

"The US has real brand calls. They are asking for an Avión Margarita" -  Pierre-Aymeric du Cray, VP ...

Treasury Wine Estates takes over Diageo's US import duties

Treasury Wine Estates takes over Diageo's US import duties...

Comment - Beer - The Never-Ending Rise of US Craft Beer

Comment - Beer - The Never-Ending Rise of US Craft Beer...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..

Forgot your password?