Tropical Beverage, Inc. received an order for more than 500 truckloads of spring water to be delivered in the next 12 months. The company will produce the well-known brand in a number of size bottles. Co-packing fees during the year will average about $1.00 per case.
"With a number of bottled water facilities closing in the southern California region, we have been receiving calls from top regional brands looking to us for co-packing," said Chris Lotito, CFO.
Tropical Beverage, through co-packing arrangements, produces a number of proprietary brands under the Tropical Brand as well as private label. The company recently signed an exclusive agreement with Vivo to produce and distribute the enhanced water worldwide. "We are anticipating more than doubling the production of Vivo from last year's numbers," Lotito added.
Source: Tropical Beverage, Inc.
