By Michael Dabaie
Splash Beverage Group Inc. shares were up 15% to $4.91 in afternoon trading after the company said it signed an agreement with Heimark Distributing to distribute performance hydration and recovery drink TapouT in Southern California.
Heimark services more than 1,500 accounts in more than 60 cities across major portions of Riverside and San Bernardino counties.
Heimark, which distributes Splash’s Copa di Vino and Pulpoloco product lines, has been distributing for Anheuser-Busch since 1963.
“Our partnership with InBev’s AB-ONE is invaluable and continues to pay dividends as we build out distribution coast to coast,” said Splash Chief Executive Robert Nistico.
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