Angel Springs has completed the acquisition of the entire water cooler base of Water at Work (Hertford, UK) for an undisclosed sum.
Established in 2005, Hertfordshire-based Water at Work is a family-owned business and has the majority of its mains-fed and bottled water coolers located within London and the northern Home Counties.
The acquisition provides a good strategic fit with Angel Spring’s existing Chiltern distribution centre, which is located in Tring in Hertfordshire, and will enable further increased customer density and service distribution efficiencies.
This deal represents the third acquisition to be completed by Angel Springs in 2011, following on from Aquae Sulis in March and most recently the acquisition of a 50% stake in the Fillongley Spring Water bottling plant in August.
“This acquisition is another great example of our ambition to continue to grow our business and to lead the consolidation of what is a fragmented UK water cooler market,” said John Dundon, Angel Springs MD. “Despite the difficult economic outlook, Angel Springs has continued to grow while maintaining its reputation as a high quality, national service provider.”