- Reed's (NASDAQ:REED) +5.4% after-hours on news the soft-drink seller has secured multi-year contracts with Owens-Illinois (OI) as its exclusive glass supplier and R.C. Moore as its primary logistics partner for North America as it moves to an asset-light business model.
- Reed's also says it has hired Gordon Brothers to lead the company's process of evaluating and maximizing the value of its operational and non-core assets.
- Reed's expects improvements from lower glass and logistics costs to begin in early 2018.