Nestle Waters takes majority stake in Princes Gate
| La Salle can disclose that Nestle Waters, the company behind the Buxton Mineral Water and Nestle Pure Lifebrands has acquired a majority stake in Pembrokeshire-based Princes Gate Spring Water Ltd.
Business acquired: Prince Gate Spring Water Ltd Activities: Incorporated in 2001, the company is engaged in the bottling and wholesale distribution of spring water in various sizes; including 330ml screw and sports cap, 500ml screw and sports caps, 750ml sports cap and 1.5litre screw caps. ---------------- Purchaser: Nestle Waters UK Limited Activities:Incorporated in 1989, the company provides bottled water and water coolers to homes and businesses and in ten different countries across Europe. Brands include Vittel, Perrier, San Pellegrino and Nestle Aquarel. ---------------- Additional info: David Jones and Glyn Jones, founders of Princes Gate Spring Water, said: 'We started this business 27 years ago as a family and have built this business enjoying loyal relationships with our customers and employees. I am delighted we have found the perfect company to help supercharge our business.' 'With the growth opportunities that lie ahead, we believe we have found the best partner in Nestlé Waters to help propel the business forwards for the future.' Michel Beneventi, managing director of Nestle Waters UK, said: 'I am pleased to welcome Princes Gate to the Nestle Waters family.' 'This company has grown very successfully over the past 27 years and shares many of the same qualities and values as our existing Waters business.' 'In the UK, consumers are increasingly choosing healthier hydration options and consequently the demand for high quality spring and mineral water continues to go up.' 'This acquisition reinforces our position in the UK and will allow us to effectively respond to customer demands and consumer expectations.' |
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