The transaction is expected to close in late March, subject to regulatory clearance.
DS Waters, a US provider of home and office bottled water delivery service, with a growing presence in office coffee services and water filtration systems, will benefit from The Standard Companies’ nationwide distribution network, which provides brewed coffee and tea beverages, equipment, condiments, water filtration systems and related items to offices, restaurants and food service organisations throughout the US.
As the resources of these two companies are combined, DS Waters will assume management of the nationwide delivery for all Standard Coffee customers.
Dillon Schickli, CEO of DS Waters, said: “I am excited to welcome the customers and associates of Standard to the DS Waters family. We look forward to continuing the unparalleled commitment to superior service and quality products that Standard Coffee has offered its customers for over 40 years.”
Anthony Gregorio, president and CEO of Standard, said: “I have had the privilege to run Standard Coffee for the past seven years and look forward to partnering with a team of proven professionals that will continue to focus on preserving our brands and continue the emphasis on the exceptional service that our customers expect.”
Source: DS Waters
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