US: SPI Group eyes growth with new distributor deals
The company is looking to boost its sales in the US after the new deals
The US unit of SPI Group has signed new deals with three distributors as it eyes growth across the country.
The Horizon deal will see the company handle distribution for the Stolichnaya vodka portfolio in Massachusetts and Rhode Island, while taking brokerage duties in Maine, New Hampshire and Vermont.
The RNDC agreement covers distribution in Georgia, Indiana, Kentucky, Louisiana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota and Texas. The company will act as Stoli Group’s broker in Alabama, Mississippi, North Carolina, Ohio and West Virginia.
Finally, Charmer Sunbelt will handle SPI’s portfolio in Colorado, Connecticut, Delaware, Florida, Maryland, New Jersey, New York, Pennsylvania, South Carolina, Virginia and Washington DC.
Financial terms of the deals were not disclosed.
John Esposito, president of Stoli Group (USA), said: “We believe valuable partnerships with renowned distributors are a critical component to help grow our ... brands in key markets across the country.”
Earlier this month, the company said it had extened its tie-up with Southern Wine & Spirits in the US.
SPI Group, the Stolichnaya brand owner and parent of Stoli Group, has announced a change of CFO, and a new CEO for Stoli Group....
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