Splash Beverage Group, Inc. has signed a Letter of Intent to acquire Western Son Vodka primarily through a stock-for-equity transaction. The merger will double Splash's peak trailing twelve-month revenue and the company will assume certain outstanding debt obligations of WSV. Shareholders of Western Son would receive restricted stock in Splash Beverage Group and an approximate 10% of cash consideration.
Splash Beverage Group Announces New LOI for Merger and Acquisition of Western Son Vodka via Equity Exchange) - Splash Beverage Group, Inc. , a portfolio company of leading beverage brands, today announced it has signed an updated Letter of Intent to acquire Western Son Vodka primarily through a stock-for-equity transaction. The addition of the Western Son revenue base will effectively double Splash’s peak trailing twelve-month revenue, significantly expanding the Company’s financial footprint.
"We have always believed that Western Son Vodka would be an outstanding addition to Splash’s portfolio, which is why we have been so persistent to bring it into the Splash Portfolio," said Robert Nistico, CEO of Splash. “Both teams have not stopped their work together and today is very exciting … we are very much looking forward to working with Western Son and building the next major spirits brand.
Carlos Guillem, Western Son’s President, said, “The new LOI marks a significant milestone for Western Son Vodka. This strategic move strengthens our foundation for continued expansion, enhances our market presence, and reinforces our commitment to delivering the exceptional quality our consumers expect. We are excited about the future and the opportunities this partnership creates. Together, we are building a stronger, more innovative Western Son Vodka for our customers and stakeholders.
Merger Acquisition Stock-Exchange Beverage-Industry Western-Son-Vodka
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shareholder Group Petitions UnitedHealth Group to Investigate Impact of Coverage Denials on Patient CareA faith-based shareholder group is demanding that UnitedHealth Group assess the consequences of its prior authorization processes and coverage denials on patient health outcomes.
Read more »
Rights group accuses Congo's army and a rebel group of possible war crimesAmnesty International has accused Congo’s army and a rebel group of bombing densely populated areas in attacks that “likely constitute war crimes.
Read more »
Artist Partner Group Sues Create Music Group for Copyright Infringement and Contract InterferenceIndependent label and publishing company Artist Partner Group (APG) has filed a lawsuit against Create Music Group, alleging copyright violations and interference with artist contracts. APG claims that Create uploads and monetizes songs it doesn't own, releases copyrighted material without permission, and lures artists away with false promises of YouTube monetization deals. Create has denied these allegations.
Read more »
Lisa from Blackpink Teams Up with Armra for a Limited-Edition BeverageBlackpink's Lisa collaborates with Armra on a Thai-inspired iced tea available exclusively at Erewhon supermarkets. This partnership follows Lisa's recent appointment as a Louis Vuitton brand ambassador and her upcoming acting debut in 'The White Lotus'.
Read more »
Lisa Collaborates With Armra on Limited-Edition BeverageBlackpink's Lisa teams up with Armra for a Thai-inspired iced tea available exclusively at Erewhon. This collaboration marks one of Lisa's many ventures in 2024, including her recent ambassadorship for Louis Vuitton.
Read more »
Invests in Trip, a Wellness Beverage Brandinvests in Trip, a rapidly growing British brand specializing in vitamin and plant-based beverages and supplements. Trip is known for its gluten-free, vegan products designed to promote mental and physical well-being.
Read more »