$SBEV Splash Beverage Group Keeps On Rolling…Announces Another Distribution Deal
Splash Beverage Group, Inc. (NYSE American: $SBEV) is in high gear. And current prices appear to appreciably undervalue a wave expansion for at least one of its premium brands. Last week, $SBEV announced an agreement with Arizona-based Kalil Bottling which will significantly expand the distribution of TapouT Sports Performance Drink.
Robert Nistico, CEO of Splash Beverage Group’s commented, “Kalil Bottling is one of the top distribution companies in the entire western Unites States and was the largest Body Armor distributor for Keurig Dr Pepper (KDP) prior to Coke acquiring the brand to Coke in an $8.3-billion-dollar transaction. As Body Armor is transitioned to Coke, this leaves a large opportunity for TapouT to fill the void, which is ideal for us strategically.”
Kalil Bottling, headquartered in Tucson Arizona, with distribution centers in Tucson, Tempe, and Flagstaff as well as El Paso, Texas, is one of the largest privately held businesses in Arizona. Its diverse portfolio includes dozens of nationally recognized brands, hundreds of SKUs and operations in five states.
Trading at $2.60, $SBEV looks like a solid pick to deliver potentially exponential gains.
