Dublin, Ireland-based Aqueduct Investments International – a pioneer in Bag-in- Box water coolers – has gone into liquidation.
Aqueduct managing director Kieran McKenna provided some background. “It is with regret that we had to put Aqueduct into liquidation. Primarily as a result of our inability to raise funds to drive our sales. It was a big undertaking and in my mind 3/4 of the job was done. However, we ran out of funds before we could push to full fruition.
“My belief in the product is still there and I have no doubt that the clear logistical and hygienic benefits of Bag-in-Box will be one of the great growth areas in the future.”