- Koios (FIT) has joined forces with the McLane Company, one of the U.S.’s largest distributors
- The partnership will see McLane distribute Koios’ Fit Soda in gas stations and convenience stores across the U.S.
- McLane has operated as a subsidiary of Berkshire Hathaway since 2003
- Koios is a functional beverage and supplement company
- Koios (FIT) is up by 21.43 per cent trading at $0.255 per share
Koios (FIT) has joined forces with the McLane Company, one of the U.S.’s largest distributors.
The partnership will see McLane distribute Koios’ Fit Soda in gas stations and convenience stores across the U.S.
Founded in Texas in 1894, McLane provides supply chain services to over 100,000 retail locations. It has been wholly owned by Berkshire Hathaway – the insurer and investment company headed by Warren Buffett and Charlie Munger – for almost two decades.
The news follows Koios’ placement in CVS Health.
“Working with McLane is a tremendous growth opportunity for us,” stated Chris Miller, Koios’ Founder and CEO. “Through McLane, we will be able to place our functional ready-to-drink beverages in locations where consumers are looking for convenient drink options and reach a much wider audience.”
“We have been eager to get Fit Soda into the convenience store channel for many years,” he added. “It is a massive opportunity to reach millions of people and further grow the brand outside of our natural retailers.”
Koios is a functional beverage and supplement company.
Koios (FIT) is up by 21.43 per cent trading at $0.255 per share as of 12:44 pm EST.