US: Clearly Canadian sells Cascade water brand

By just-drinks.com editorial team | 28 February 2002

Clearly Canadian Beverage Corp has sold its Cascade Clear water brand along with a bottling plant in Washington state for a total of about US$6.3m. The deal between Clearly Canadian's American subsidiary, CC Beverage (US) Corp and Advanced H2O Inc, includes US$2.13m in cash, the assumption of CC Beverage's indebtedness of approximately US$2.15m and the assumption of certain capital equipment leases of approximately US$63,600.

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Clearly Canadian Beverage Corp has sold its Cascade Clear water brand along with a bottling plant in Washington state for a total of about US$6.3m. The deal between Clearly Canadian's American subsidiary, CC Beverage (US) Corp and Advanced H2O Inc, includes US$2.13m in cash, the assumption of CC Beverage's indebtedness of approximately US$2.15m and the assumption of certain capital equipment leases of approximately US$63,600.

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