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Benzinga
Benzinga
Business
Shivani Kumaresan

Splash Beverage Inks Distribution Deal With Kalil Bottling

Splash SBEV Arizona Coke NYSE Splash Beverage Group Inc Colorado New Mexico Texas United States
  • Splash Beverage Group Inc (NYSE:SBEV) inked an agreement with Arizona-based Kalil Bottling to expand the distribution of TapouT Sports Performance Drink.
  • Kalil's network covers Arizona and extends through counties across Utah, Colorado, New Mexico, and western Texas.
  • The distribution agreement will expand Splash's reach to more than half of the U.S.
  • CEO Robert Nistico commented, "As Body Armor is transitioned to Coke, this leaves a large opportunity for TapouT to fill the void, which is ideal for us strategically."
  • Price Action: SBEV shares are trading higher by 1.22% at $2.63 on the last check Tuesday.
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