Splash Beverage Group, Inc. has finalized a $20 million agreement to acquire exclusive water rights to a natural spring source in Costa Rica's Blue Zone, renowned for its water purity and mineral content. This acquisition includes the source of Blu, a premium water brand, and is poised to enrich Splash's portfolio with a scalable natural asset. The deal, financed through a new series of convertible preferred stock, highlights the company's strategic emphasis on high-margin beverage brands and sustainability.
William Meissner, President and Chief Marketing Officer of Splash Beverage Group, emphasized the acquisition's synergy with global wellness trends and its revenue-generating potential. The natural spring will underpin an expanded brand platform, featuring a super-premium glass bottle line and a sustainable canned water line, all manufactured using eco-friendly methods. This strategic move not only fortifies Splash's standing in the premium water sector but also bolsters its long-term value creation approach.
The transaction is expected to conclude by August 10, with a definitive deadline of December 31, 2025, for the rights transfer. Non-compliance with this deadline would obligate the seller to compensate Splash $20 million or annul the preferred stock. This acquisition underscores Splash's dedication to harnessing unique natural resources for brand development and market penetration.
