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Sep. 3--Serm Suk Plc has decided to distribute a new energy drink backed by celebrity Add Carabao, ending a relationship as the distributor of M-100 and M-150, two long-established products of the Osotspa group.
In a statement to the Stock Exchange of Thailand yesterday, Serm Suk chief executive Somchai Bulsook said his company and Osotspa had agreed not to renew the distribution contract that expired last month.
Osotspa will handle all distribution of M-100 and M-150 by itself.
Serm Suk, the local bottler of Pepsi-Cola, has signed an agreement with Carabao Tawandang Co to distribute the new Red Carabao energy drink for 10 years, effective ...