US: Tropical Beverage acquires water business

By just-drinks.com editorial team | 24 October 2003

Tropical Beverage, water-based beverage producer, today announced it has acquired Arctic Springs, a Los Angeles-based bottled spring water brand. Terms of the acquisition were not announced.

"The Arctic Springs brand has a proven track record of success and was one of the best selling bottled spring waters in the Los Angeles market at one time," said Chris Lotito, CFO of Tropical Beverage. "Arctic Springs will be a great compliment to our successful portfolio of value-added water-based beverages. We are focused on getting the brand back into production and being very aggressive in opening various distribution channels."

Lotito said:" Tropical Beverage has resurrected the Arctic Springs brand to compete directly against Arrowhead and other brands in the Southern California area. We feel confident that this brand has the look and taste that will allow us to leverage it nationwide."

Sectors: Soft drinks, Water