1 week ago

Allied Blenders Shares Rise After Malaysia Expansion Deal

Allied Blenders Shares Rise After Malaysia Expansion Deal
Allied Blenders shares climb 3% after Malaysia expansion; details here · businesstoday.in

Allied Blenders is a company that makes alcoholic drinks.

Its shares rose 3% after it announced plans to expand into Malaysia.

The company will make and sell Officer’s Choice Blue there.

The drink will come in three bottle sizes: 750ml, 180ml and 90ml.

Allied Blenders may add more brands later if customers and distributors respond well.

The company already sells its products in 39 countries and regions.

Making the products locally could help it expand without spending as much money on new facilities.

Allied Blenders also wants to grow in Africa, Southeast Asia and other international markets.

Key facts

Share movement
Allied Blenders shares climbed 3% after the Malaysia expansion announcement.
Initial brand
Officer’s Choice Blue
Planned sizes
750ml, 180ml and 90ml
Current export reach
39 international markets
International footprint
The GCC, Africa, North America, Europe and Southeast Asia
Manufacturing network
40 units: nine owned bottling facilities, two owned distilleries, one owned PET bottle plant and 28 non-owned manufacturing units
Other brands
Sterling Reserve and ICONiQ White, alongside Officer’s Choice

Sources

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