香港股市 已收市
  • 恒指

    18,675.35
    -61.09 (-0.33%)
     
  • 國指

    6,368.74
    -16.16 (-0.25%)
     
  • 上證綜指

    3,156.14
    -9.33 (-0.29%)
     
  • 滬深300

    3,870.95
    -23.82 (-0.61%)
     
  • 美元

    7.7882
    +0.0092 (+0.12%)
     
  • 人民幣

    0.9007
    -0.0040 (-0.44%)
     
  • 道指

    34,429.88
    +34.87 (+0.10%)
     
  • 標普 500

    4,071.70
    -4.87 (-0.12%)
     
  • 納指

    11,461.50
    -20.95 (-0.18%)
     
  • 日圓

    0.0577
    +0.0005 (+0.87%)
     
  • 歐元

    8.2047
    +0.0211 (+0.26%)
     
  • 英鎊

    9.5690
    +0.0350 (+0.37%)
     
  • 紐約期油

    80.34
    -0.88 (-1.08%)
     
  • 金價

    1,811.40
    -3.80 (-0.21%)
     
  • Bitcoin

    16,945.94
    -19.79 (-0.12%)
     
  • CMC Crypto 200

    404.33
    +2.91 (+0.72%)
     

EXCLUSIVE: Splash Beverage Acquires 80% Stake In Spanish Wine Brand Pulpoloco Sangria

  • Splash Beverage Group Inc (NYSE: SBEV) has signed an agreement to acquire 80% of Pulpoloco Sangria, a Spanish wine brand, for an undisclosed sum.

  • Splash has previously acquired the distribution rights to Pulpoloco in 2020 and is currently the exclusive importer of Pulpoloco for the United States.

  • Pulpoloco Sangria is made in Madrid, Spain, following the family recipe of the founder Paul Damon with three variants, Crisp White, Soft Rose’, and Smooth Red.

  • The deal is expected to give Splash control over the manufacturing and distribution of Pulpoloco across the US and international markets, providing additional margin and revenue.

  • The transaction is expected to be closed by the end of August 2022.

  • Splash Beverage held $8.5 million in cash and equivalents as of March 31, 2022.

  • Price Action: SBEV shares closed higher by 4.23% at $2.22 on Wednesday.

See more from Benzinga

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.