News

US: Amcon acquires Trinity Springs

Most popular

How will Diageo change Cuban rum?

How DNA testing will shape the future of drinking

Why rye whisky is set to go global - Comment

Blockchain in drinks traceability and beyond

Constellation Brands Performance Trends 2015-2019

MORE

The US food distributor Amcon Distributing has agreed to pay US1.3m to acquire the Trinity Springs bottled water company to add to its small but growing beverage business.

The Omaha-based Amcon will acquire Trinity Springs Ltd.'s bottling plant, equipment, water sources and brand name. The deal does not include Trinity shares, however.

According to a US Securities and Exchange Commission filing, Amcon will also hand to Trinity promissory notes worth US$3.3m.

Amcon's Trinity assets will become a new holding company, TSL Acquisition Corp.
 
Amcon will pay Trinity a royalty of $0.03 per litre of water extracted from its springs, or at least US$206,400 in the first year and US$288,000 in subsequent years, according to the SEC filing.


Sectors: Water

Related Content

This week in soft drinks & bottled water, featuring Philadelphia's sugar tax, the end of Keurig Kold and upbeat bottled water in the US

This week in soft drinks & bottled water, featuring Philadelphia's sugar tax, the end of Keurig Kold...

The Coca-Cola Co's US$5.1bn acquisition of Costa - Analysis

The Coca-Cola Co's US$5.1bn acquisition of Costa - Analysis...

Cott Corp buys S&D Coffee for US$355m as H1 returns to black - results

Cott Corp buys S&D Coffee for US$355m as H1 returns to black - results...

This week in soft drinks & bottled water, featuring drinking vinegar, Nestle's US move and new products from Red Bull and Monster

This week in soft drinks & bottled water, featuring drinking vinegar, Nestle's US move and new produ...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?