Waterlogic has acquired the Tipperary Water Cooler business from C&C Group for approximately €7.4 million.
The Tipperary Water Cooler business is one of the largest water dispenser companies in the Republic of Ireland and Northern Ireland, and manages over 12,000 water dispensers throughout the island of Ireland, including bottled water dispensers and mains-fed dispensers.
According to Waterlogic, the acquisition doubles the size of the Dublin-based Waterlogic Ireland division, and marks a significant milestone in the growth of the company’s market share in the Republic of Ireland and Northern Ireland.
Tipperary Water also operates a separate range of bottled water products in several different varieties. Following the acquisition of Tipperary’s water cooler business, Waterlogic will continue to purchase bottled water from C&C Group’s Clonmel plant in County Tipperary.
This purchase represents another significant acquisition for Waterlogic. The business implemented a ‘buy and build’ strategy when acquired by private equity firm Castik Capital in 2015, and Waterlogic has acquired businesses in the US, UK and several other markets in the last few years.
Greg Pritchett, managing director of Waterlogic UK & Ireland said: “The acquisition of Tipperary Water has established Waterlogic’s Irish business very well to serve our customers and more generally, delivering on our strategy for local growth and regional alignment within the UK and Ireland region.
“We look forward to bringing the team on board to continue driving excellence for their customers and building on the success the company has enjoyed as the largest water cooler company in the island of Ireland.”
Tom McCusker, managing director of C&C Ireland added: “This deal sees the coming together of the most recognisable brand of water in the region with the expertise of an outstanding global company.
“Tipperary Water Cooler company has been a great asset of C&C Group over a number of years but Waterlogic is now the ideal owner of the business for the next stage of its development.
“Tipperary Water Cooler company will continue to offer the same high-quality brand of naturally sourced water that our customers have come to depend on, together with the scale and operational efficiencies of a global player in the market.”
© FoodBev Media Ltd 2020
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