©FloWater
Swedish water purification company, Bluewater, has announced a merger agreement with US-based FloWater, after investing $15 million in the company back in 2018.
The companies claim that the move “will transform the water industry worldwide,” helping accelerate innovation and expanding both businesses’ footprints into other key markets in the Middle East, China and South Asia. The merger will also enable both corporations to leverage each other’s consumer and business water dispensing expertise, research and development, and global commercialisation and supply capabilities.
Founded in 2013, Bluewater develops water purification solutions for homes, businesses and public vending. The corporation has sales across the US, Europe, the Middle East, China, Southeast Asia and South Africa, and production facilities in Sweden and China.
Established the same year, FloWater is a manufacturer of water purifying refill stations for schools, gyms, offices and hotels. FloWater’s customers include Red Bull, Apple, Marriott and Google, among others.
Bluewater’s founder and CEO, Bengt Rittri, said: “This union is a major milestone for Bluewater in our efforts to upscale and strengthen our position in the global household, commercial and public dispensing water industry”.
FloWater’s founder, Rich Razgaitis, added: “This merger provides us another big step towards ending the business of “big bottled water” by providing superior alternatives to single-use plastic with the world’s best-tasting and trusted water”.
He continued: “Everyone deserves access to clean, great-tasting drinking water, and the environment deserves to be free of plastic water bottles. Today, this merger brings together two passionate teams committed to making this a reality worldwide.”
© FoodBev Media Ltd 2022
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry. Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial
Your privacy We use small files known as ‘cookies’ to enhance your experience of the FoodBev website and analyse site-traffic. Read about how we use cookies or how you may control them in our updated privacy policy and cookie policy. If you continue to use this site, you consent to our use of cookies. Click the ‘OKAY‘ button at the top right of this panel to accept or click here for more information.