ISRAEL: Eden Springs eyes growth after sale

By | 17 June 2013

Eden Springs was owned by Mayanot Eden

Eden Springs was owned by Mayanot Eden

Eden Springs is to focus on expansion after it was sold to a private equity firm.

The office water-cooler supplier, owned by Israel-based Mayanot Eden, said yesterday (16 June) Rhône Capital will continue to develop and grow the company. Rhône is to develop new products and seek “consolidation of complementary businesses”, Eden said.

Raanan Zilberman, Eden’s CEO who will continue to lead the management team, said: “We view the transaction as an opportunity to accelerate the company’s expansion plans.”

Zilberman also said the company hopes to explore new markets, “particular Eastern Europe, where demand for mineral water is growing”.

Eden Springs was not immediately available to confirm a Reuters report that New York-based Rhône paid EUR70m (US$93m) for the company.

UK bottled water volumes grew by 3.3% last year as the industry continued its recovery from the 2006 slump, new figures revealed in April.

Sectors: Mergers & acquisitions, Water

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