Cott acquires Hungarian water company
Cott and Eden Springs, a wholly-owned subsidiary of Cott, have acquired 100 per cent of the shares of the Hungarian company, Clearwater Kereskedelmi és Szolgáltató Korlátolt Felelősségű Társaság .
Through the acquisition of ClearWater, Eden Springs will enter the Hungarian market and add approximately 14,000 machines on location. The transaction also includes intellectual property for a carbonation technology patent that will provide customers with carbonated water through water filtration dispensers and bottled water coolers. Eden Springs plans to introduce ClearWater’s carbonation technology to other markets.
“ClearWater is the market leader in providing water across Hungary, with significant density in Budapest, and shares our commitment to excellence,” said Antonio Alarcon, President of Eden Springs Continental Europe. “We are excited to expand our presence to Hungary and look forward to welcoming ClearWater’s customers and associates to the Eden Springs family.”