Water Delivery Giant Cott Acquires Clearwater, Expanding Its Presence To Hungary

Posted On: 1/13/2020

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TORONTO --- Cott Corp., a leading provider of home and office bottled water delivery services in North America and Europe, has acquired Hungary's Clearwater, marking its entry to the market.

Through the acquisition of ClearWater, Eden Springs will enter the Hungarian market and add approximately 14,000 machines on location. The transaction also includes intellectual property for a carbonation technology patent that will provide customers with carbonated water through water filtration dispensers and bottled water coolers. Eden Springs plans to introduce ClearWater's carbonation technology to other markets.

"ClearWater is the market leader in providing water across Hungary, with significant density in Budapest, and shares our commitment to excellence," said Eden Springs Continental Europe president Antonio Alarcon. "We are excited to expand our presence to Hungary and look forward to welcoming ClearWater's customers and associates to the Eden Springs family."

"Eden Springs has a strong reputation of quality and commitment to service," said Scott Nicol, owner of ClearWater. "Moving forward into 2020, in addition to our sparkling water and technology, our customers will now benefit from even more water and coffee solutions for their hydration needs."

Cott is a water, coffee, tea, extracts and filtration service company with a leading volume-based national presence in the North American and European home and office bottled water delivery industry and a leader in custom coffee roasting, blending of iced tea, and extract solutions for the U.S. foodservice industry.

Eden Springs is Europe's leading provider of workplace drinks solutions. It supplies integrated water and coffee service solutions to over 800,000 customers in 18 countries, including a broad range of bottle-fed water coolers, plumbed-in water coolers and small pack bottles as well as hot beverages solutions including coffee machines, coffee, tea and other accessories. Eden Springs has been a part of Cott Corp. since 2016.

The news follows Cott's recent acquisition of Watercooler Gigant strengthening its business in the Netherlands.