Yeo's bags deal to distribute energy drink Celsius

ONE door might have closed on Singapore-listed Yeo Hiap Seng (YHS), but another has opened.

Two weeks after it announced that its exclusive agreement to bottle, sell and distribute Pepsi products in Singapore will cease, the drinks manufacturer has secured a new partnership that will have it distribute products of Celsius Holdings Inc.

On Tuesday, Florida-based Celsius Holdings said in a release that it has expanded its international distribution network through a partnership with YHS Singapore, a public-listed arm of Far East Organization.