Waterlogic has announced the acquisition of two US-based water cooler companies, Minnesota Water and Water Engineering Technologies, further expanding its presence in the US market.
Minnesota Water is a distributor of PHSI point-of-use water coolers, and Waterlogic says that the purchase increases Waterlogic’s direct service and sales presence in 50 markets throughout North America.
Meanwhile, the acquisition of fellow water cooler provider Water Engineering Technologies will increase Waterlogic’s market presence in the Pacific Northwest, “allowing for increased and more efficient customer reach in this important market.”
The acquisitions form part of Waterlogic’s US expansion strategy, and mean that the company has now completed ten acquisitions in the US and Canada in the last nine months.
Casey Taylor, CEO of Waterlogic Americas said: “I am thrilled to add these two excellent companies to Waterlogic Americas.
“With Minnesota Water, we expand our presence in Minneapolis to help us provide even better service in the Twin Cities.
“Likewise, combining Water Engineering Technologies with our existing Seattle branch will allow us to reach more customers in the Pacific Northwest.
“We are adding outstanding employees from each company, with significant experience and expertise, making our team even stronger.”
Steve and Shelly Norenberg, owners of Minnesota Water added: “We are delighted to have completed the sale of our business to Waterlogic. We could not have found a better option for our customers, our employees, or our family.
“We appreciated how honest and transparent Waterlogic was throughout the process and we will be excited to see the business grow under Waterlogic’s ownership.”
Chuck Lockart, the owner of Water Engineering Technologies said: “Waterlogic was great throughout the process and I am very pleased with the transaction. I have a lot of long-time customers and I know that they will be in good hands with Waterlogic.”
© FoodBev Media Ltd 2018
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