Angel Springs, the UK-based water cooler provider, has been acquired by Castik Capital, the European private equity investment firm, in a multi-million pound deal.
The company provides both bottled and mains fed water coolers to businesses throughout the UK and currently services more than 60,000 water coolers. The business has a network of ten regional service and distribution centres.
As part of the deal, Castik Capital have also acquired Fillongley Spring Water Ltd, described as ‘the UK’s premier bottling plant’.
Commenting on the deal, John Dundon, said: “Castik’s investment reflects the confidence we both have in Angel’s future potential. Their support will allow us to strengthen our market leading position in the UK by continuing to give excellent service to existing customers and by making complementary acquisitions.”