2023-07-21 08:17:13 ET
- A1 Group ( OTCPK:AWON ) has consummated an asset purchase agreement to acquire New York-based food and beverage manufacturer NYSW Beverage Brands.
- Per the terms, A1 Group ( OTCPK:AWON ) acquired NYSW's assets, which included a full-scale, automated water bottling line.
- However, the company also gained access to the natural spring water that flows endlessly beneath Vly Mountain in the Catskills of Upper New York.
- New York Spring Water and Aqua 84 Minerals are the two brands that NYSW now operates.
- In order to ensure a seamless transition of operations and ensure that their current customers continue to receive their orders on time, the company is keeping Jordan Zakka, the current President of NYSW, on board for a considerable amount of time after the official closing.
- "During the initial week after consummation of the transaction, we have already brought on board two new water bottle clients, and we are currently working on locating and contracting with a major beverage distributor in the Northwest of the United States," Lloyd Preston Jr., CEO of A1 Group, said.
For further details see:
A1 Group acquires NYSW Beverage Brands