Cott acquires ClearWater expanding presence to Hungary

Through the acquisition of ClearWater, Eden Springs will enter the Hungarian market and add approximately 14,000 machines on location

Cott Corporation, a leading provider of home and office bottled water delivery services in North America and Europe and a leader in custom coffee roasting for the U.S. food service industry, has announced that Cott and Eden Springs, a wholly-owned subsidiary of Cott, have acquired 100% of the shares of Hungarian company, Clearwater Kereskedelmi és Szolgáltató Korlátolt Felelősségű Társaság (“ClearWater”).

Through the acquisition of ClearWater, Eden Springs will enter the Hungarian market and add approximately 14,000 machines on location. The transaction also includes intellectual property for a carbonation technology patent that will provide customers with carbonated water through water filtration dispensers and bottled water coolers. Eden Springs plans to introduce ClearWater’s carbonation technology to other markets.

“ClearWater is the market leader in providing water across Hungary, with significant density in Budapest, and shares our commitment to excellence,” said Antonio Alarcon, President of Eden Springs Continental Europe. “We are excited to expand our presence to Hungary and look forward to welcoming ClearWater’s customers and associates to the Eden Springs family.”

“Eden Springs has a strong reputation of quality and commitment to service,” said Scott Nicol, owner of ClearWater. “Moving forward into 2020, in addition to our sparkling water and technology, our customers will now benefit from even more water and coffee solutions for their hydration needs.”