Advertising
About us
Meet the team
Contact us
Technical papers
Webinars
Privacy
Privacy policy
Cookies
Advertising
About us
Meet the team
Contact us
Technical papers
Webinars
Privacy
Privacy policy
Cookies
Home
News
Business
Appointments
Business listings
Financial
Mergers & acquisitions
Technical papers
ADM’s CFO Luthar to resign as US government investigation looms –
Reuters
23 April 2024
Grupo Bimbo promotes Rafael Pamias to CEO, Daniel Servitje becomes executive chair
22 April 2024
Simon Harrison assumes CEO role at Princes Group
09 April 2024
New CEO strengthens Lyras’ leadership in sustainable food technology
05 April 2024
Tillamook president and CEO to step down
04 April 2024
Little Moons appoints Joanna Allen as new CEO
26 March 2024
JDE Peet’s appoints Luc Vandevelde as interim CEO, sets course for leadership transition
18 March 2024
Constellation appoints Sam Glaetzer to lead wine and spirits business
12 March 2024
Little Moons CEO Mike Hedges departs company with immediate effect
11 March 2024
View all
View all
View all
View all
View all
Industries
Agriculture
Alcohol
Beverage
Dairy
Food
Foodservice
Health
Ingredients
Logistics
Juices
Manufacturing
Marketing
Meat
Packaging
Plant-based
Refreshment
Retail
Seafood
Sustainability
Technology
Start-up of the month: Wonder Veggies
24 April 2024
Research: Cocoa beans exported from Côte d’Ivoire linked to deforestation in Liberia
24 April 2024
Canadian start-up Growcer secures $3m to fuel brand expansion
24 April 2024
WWF teams up with Consumer Goods Forum on new tool to tackle food waste
19 April 2024
Research: ‘Forever chemicals’ found in UK fruit and vegetables
10 April 2024
Windfall Bio secures $28m in Series A funding to advance methane capture technology
09 April 2024
View all
View all
View all
View all
View all
View all
View all
View all
View all
View all
View all
View all
View all
View all
View all
View all
View all
View all
View all
View all
Refreshment
Coffee & tea
Vending
Water
Publications
FoodBev magazine
Refreshment magazine
The Plant Base magazine
Newsletters
Awards
Events
Multimedia
Galleries
Podcasts
Videos
Opinion
Gallery: New products released in March 2021
08 April 2021
Gallery: World Dairy Innovation Awards 2019
02 July 2019
Gallery: EuVend & Coffeena 2019 at Koelnmesse, Cologne
16 May 2019
Gallery: New beverage releases launched in April 2019
03 May 2019
Gallery: New food products released in March 2019
02 April 2019
Gallery: New beverage releases launched in March 2019
01 April 2019
View all
View all
View all
View all
Menu
Home
News
Business
Appointments
Business listings
Financial
Mergers & acquisitions
Technical papers
Industries
Agriculture
Alcohol
Beverage
Dairy
Food
Foodservice
Health
Ingredients
Logistics
Juices
Manufacturing
Marketing
Meat
Packaging
Plant-based
Refreshment
Retail
Seafood
Sustainability
Technology
Refreshment
Coffee & tea
Vending
Water
Publications
FoodBev magazine
Refreshment magazine
The Plant Base magazine
Newsletters
Awards
Events
Multimedia
Galleries
Podcasts
Videos
Opinion
Culligan to acquire AquaVenture Holdings for $1.1bn
By Martin White
02 January 2020
Categories
Beverage
Business
Cooler
Industries
Mergers & Acquisitions
Refreshment
Water
Culligan has agreed to acquire US-based water company AquaVenture Holdings for approximately $1.1 billion, in an all-cash transaction worth $27.10 per share.
The transaction has been unanimously approved by AquaVenture’s board of directors and is expected to close in early April 2020, subject to the approval of AquaVenture shareholders and the regulatory authorities.
According to Culligan, AquaVenture will join Culligan’s water service and solutions platform as a privately held company once the transaction is completed.
AquaVentures’ business portfolio includes two operating platforms: Quench and Seven Seas Water. Quench offers point-of-use filtered water systems and related services to more than 55,000 customers across the US and Canada, while Seven Seas Water provides desalination and water treatment solutions to municipal, industrial and hospitality customers throughout the Americas.
The Quench business arm has made a number of significant acquisitions in the recent past, including the purchase of Pure Planet Water and Jonli Water Services in December 2019, the acquisition of
Carolina Pure Water in July 2019
and the purchase of
Pure Health Solutions for $57.6 million in December 2018
.
Scott Clawson, CEO of Culligan said: “AquaVenture is a leading player in water purification solutions with a strong record of innovation.
“We are excited to work with the AquaVenture team and look forward to the many opportunities ahead.”
Anthony Ibargüen, President and CEO of AquaVenture added: “We are pleased to reach this agreement to join forces with Culligan and its leading presence in the global water industry, and believe it delivers compelling value to all AquaVenture stakeholders.
“Our leadership team is proud of the development and success of AquaVenture, and excited for what our employees can accomplish in partnership with Culligan in the future”.
Share with your network:
Related topics:
AquaVenture Holdings
Culligan International
US
water
water dispensers
Share
0
Tweet
Share
Share
Print
Email
Related Articles
MycoTechnology progresses towards commercialisation of honey truffle sweetener
April 25, 2024
Kraft Natural Cheese launches line of flavoured cheeses
April 24, 2024
Oberweis Dairy to close North Aurora, Illinois, plant, risks 127 jobs
April 24, 2024
Country Archer unveils duo of cheese-infused meat products
April 24, 2024
Bomb Pop introduces new line of ice pops
April 19, 2024
Next Century Spirits buys Southwest Spirits & Wine spirits brands
April 19, 2024
Q Mixers adds spicy mango margarita mix to portfolio
April 18, 2024
GoGo squeeZ launches functional snack pouches
April 18, 2024
Drop us a line
Would you like to be interviewed by FoodBev Media or share a recent innovation with us?
Click here to contact us.
© FoodBev Media Ltd 2024