Splash Beverage Group, Inc. has announced a significant agreement to acquire exclusive water rights to a natural spring source in Costa Rica's renowned Blue Zone, a region celebrated for its association with longevity and natural wellness. This $20 million acquisition grants Splash full ownership and control over the source of Blu, a premium water brand, marking a strategic expansion into the clean hydration and wellness market.
The water from this source, naturally alkaline and filtered through volcanic rock, has been independently verified to surpass global standards for purity and mineral content. Splash Beverage Group has issued $20 million in convertible preferred stock to facilitate this acquisition, with the transaction expected to be finalized by August 10, 2025, or by December 31, 2025, at the latest.
William Meissner, President and Chief Marketing Officer of Splash Beverage Group, highlighted the acquisition's alignment with global wellness trends and its potential to serve as a new revenue stream. The company plans to expand its brand platform with this source, introducing new product lines including a super-premium glass bottle line and a sustainable canned water option, all produced with sustainable practices at the source.
This acquisition is part of Splash Beverage Group's broader strategy to acquire and scale unique, high-margin beverage brands. The company's leadership team brings extensive experience in building nationally recognized brands, positioning Splash for accelerated growth in the premium water category.
