Shares in Distil (AIM:DIS) climbed 33% on Monday after the maker of Blavod Black Vodka signed a new US distribution deal aimed at reviving the brand in one of the world’s biggest spirits markets.
The AIM-listed drinks group said it had partnered with AIKO Importers, a US-based distributor with a network of 185 partners across the United States, Canada and Puerto Rico.
The move marks a return to the US market for Blavod, Distil’s distinctive black vodka brand.
AIKO’s connections to major retailers including Costco, Total Wine and Spec’s are expected to give Blavod instant access to shelves nationwide. Distil also owns RedLeg Spiced Rum and Blackwoods Gin and Vodka.
The US is the largest market for vodka globally by volume, according to IWSR Drinks Market Analysis.
Distil said the new partnership represents a key milestone in its North American expansion strategy.
The stock was up 0.023p at 0.093p.