Beston Global Food Company (BFC) has entered into contracts to acquire 51% of South Australian water business AquaEssence, in a deal worth AUD 875,300 ($666,593).
AquaEssence is a producer of premium quality bottled water and has been supplying the domestic Australian market since 1998. It sells spring water that has been naturally filtered for thousands of years through the limestone caves that connect the pristine underground aquifer systems surrounding the Blue Lake in Mount Gambier, South Australia, with access to an abundance of water resources.
BFC chairman Dr Roger Sexton said that AquaEssence had a number of unique quality and supply attributes which make it a perfect fit for BFC’s strategy of taking healthy food and beverage products to the world’s growing communities: it is a naturally high alkaline spring water, with a natural pH of 7.9 compared with most spring waters in Australia’s pH of 6.0 or less; and that the company owns the rights to over 140 million litres of water per year.
Currently, only around 1% of this resource is utilised each year by AquaEssence.
Dr Sexton said that alkaline water is regarded by a number of health experts as having powerful antioxidant properties. It is thought that alkaline water combats and lowers the acidic conditions in our bodies caused by modern diets and helps maintain a healthy, disease fighting system. These experts believe that alkaline water passes through body tissues more efficiently than acidic water and therefore provide superior hydration and nutrition at the cellular level.
Consumers of bottled water have in the past, assumed that “water is water”, he said, but increasingly are becoming more discerning about the quality of the water that they drink.
AquaEssence director Tony Gasparini added: “The product has been accepted in Australia and the company now wants to expand into the Asian market. With BFC’s extensive knowledge of the Asian market it will assist greatly in promoting and growing the AquaEssence product range in this market”.
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