Kent, UK-based Greenworks Solutions has agreed to merge its water cooler division, Greenworks Water, into Wolverhampton-based national water cooler distributor Angel Springs.
With over 15,000 almost entirely mains fed water coolers and a strong reputation for customer service coupled with premium pricing, this transaction represents an ideal fit for Angel Springs. Angel have a strong customer focused, sales-driven model and this transaction further helps Angel Springs to become one of the leading supplier of both bottled and mains fed coolers in the UK market.
Commenting on the transaction, Angel Springs managing director John Dundon said: “We are delighted to have secured Greenworks Water; their DNA is very similar to that of Angel Springs with a strong focus on great customer service, premium pricing and a highly motivated, skilled and experienced workforce. This acquisition further increases our cooler base, and coupled with our continuing strong organic growth, we are excited to offer our services to a growing customer base.”
Greenworks Solutions managing director Adam Warren commented: “We are delighted to have found the right partner for Greenworks Water customers and staff. In Angel Springs, we recognise a company that can continue our culture of great customer care plus, appreciate the skills and knowledge our staff will bring with them.
“Greenworks Solutions will continue with its other B2B services. However, it has become clearly evident to us that a coffee and water offering are very different business models, and in order to focus our skills and resources on coffee, we needed to find a good home for the water division, and Angel has provided this.”
In December 2014 Angel Springs was acquired by Funds managed by Castik Capital. Castik subsequently acquired Waterlogic to create global cooler company with Angel Springs.
© FoodBev Media Ltd 2018
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