Waterlogic has announced the acquisition of two UK-based water cooler suppliers, Maestro Pressure Coolers and Cariad Cool Water Ltd, significantly expanding its product portfolio and its presence in the UK market.
Maestro Pressure Coolers supplies both bottled and point-of-use water coolers to businesses throughout the UK, while Cariad Cool Water supplies bottled and point-of-use water coolers across Wales and the South West of England, with depots in Margam, Port Talbot and Narberth, Pembrokeshire.
Waterlogic claims that the acquisition of Maestro Pressure Coolers adds additional product lines to its comprehensive range of drinking water solutions, and further strengthens its presence throughout the UK.
The acquisition of Cariad Cool Water, meanwhile, provides Waterlogic with a direct presence in Wales, providing the company with a platform for efficient customer growth and reach in this “important” market.
Greg Pritchett, managing director, Waterlogic UK and Ireland said: “The combination of national reach with local density will ensure we are able to continue serving our new and existing customers in the best possible way.”
Glyn Jones, Owner, Cariad Cool Water added: “As a family, we are proud to have built this business, and thankful for the loyal relationships we have enjoyed with our customers and employees.
“In Waterlogic, we have found the perfect company to continue the growth of the business for the future.”
These purchases represent the most recent acquisitions made as part of Waterlogic’s ‘buy and build’ strategy, which was implemented in 2015 following the acquisition of Waterlogic by European private equity investor Castik Capital.
As part of this strategy, Waterlogic acquired two US-based water cooler companies – Minnesota Water and Water Engineering Technologies – in October, further expanding its presence in the US market.
© FoodBev Media Ltd 2020