US: Ionics completes $220m water sale to Perrier

By Chris Brook-Carter | 3 January 2002

Ionics, the water technology company, announced last week that it had completed the sale of its Aqua Cool Pure Bottled Water operations in the US, UK and France to Perrier-Vittel. Ionics said in a statement that its subsidiaries in the UK and France received proceeds in the transaction totalling US$220m, of which US$10m is being held in escrow pursuant to the terms of the acquisition agreement.

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Ionics, the water technology company, announced last week that it had completed the sale of its Aqua Cool Pure Bottled Water operations in the US, UK and France to Perrier-Vittel. Ionics said in a statement that its subsidiaries in the UK and France received proceeds in the transaction totalling US$220m, of which US$10m is being held in escrow pursuant to the terms of the acquisition agreement.

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