Palm Springs, the Australian water cooler distribution firm bought last month by Coca-Cola Amatil, has changed its name.

The company informed the Australian Stock Exchange today (16 October) that from Thursday it will be known as Coneco.

Coke Amatil bought the loss-making company last month for around A$7.4m (US$5.6m). In July, Palm Springs approached Coke Amatil and asked it to bid for the company, which is Australia's second-largest HOD (home and office water delivery) producer.