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Eden Springs Acquires Lithuanian Water Business

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Eden Springs Acquires Lithuanian Water Business

October 06
15:00 2011

Europe’s leading water cooler supplier, Eden Springs, has acquired UAB Neptuno vandens pristatymas -Lithuania’s second biggest home and office delivery (HOD) supplier – via its subsidiary in the Baltic region. Active in all three Baltic countries -Estonia, Latvia and Lithuania- Eden Springs employs over 60 staff and serves 18,000 customers in the region.

 

The acquisition will increase Eden’s market share in the Baltics by 33%. As a result of the acquisition, 25 former UAB Neptuno vandens pristatymas staff will join the Eden Springs team in its Lithuanian offices and depots, located inVilnius, Kaunas and Klaipeda. Total revenues for the combined company are approximately Eur2 million per annum.

 

This acquisition is important for Eden Springs and clearly demonstrates the group’s commitment to the growing water cooler market in the Baltics. As well as adding new water cooler customers to its portfolio, Eden Springs Baltics will strengthen the existing product offering in terms of new PET bottle solutions to include lemon-flavoured mineral water, which will be distributed under the brand name Neptunas.

 

In addition to expanding in the water cooler industry, Eden Springs Baltics is also introducing coffee solutions to its business customers through its European partner Lavazza.

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