Agthia announced that it expects to acquire 100% of Pelit Su’s shares during the first half of 2012. The value of the transaction is not known.
In a statement, Agthia chairman Rashed Mubarak al-Hajeri said the deal is in line with the company’s plans to expand its geographic reach, which is currently focused on the Arab Gulf states and Egypt.
Family-owned bottled water producer Pelit Su was established in the southern Turkish city of Adana in 2009. Its spring water source originates from the Toros Mountains.
Source: Agthia Group
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