Splash Beverage Expands TapouT Distribution Into Southern California

Splash Beverage Group Inc SBEV revealed expansion of its existing agreement with AB ONE, the wholly-owned distribution network of Anheuser-Busch InBev BUD, to include AB ONE SoCal (Southern California).
Southern California is AB ONE's largest single market in the U.S. and covers an area with a population of more than 20 million through national chains that include Walmart Inc WMT, Kroger Co KR, Albertsons Companies Inc ACI and Winco Foods.
Robert Nistico, CEO of Splash Beverage, said, "AB ONE SoCal services more than 15,000 accounts and covers one of the most populous regions of the country."
"Included as well within this distribution network are more than 45 Walmart locations where TapouT will now be sold," Nistico added.
TapouT is Splash Beverage's range of performance hydration and recovery drink.
Price Action: SBEV shares are trading higher by 5.24% at $2.81 in premarket on the last check Monday.