FDBusiness.com

Eden Springs Completes Acquisition of Nestlé Waters Direct Businesses in Germany, Portugal and The Netherlands

 Breaking News
  • Coca-Cola HBC to Acquire Italian Water and Sparkling Beverages Company in €88 Million Deal Coca‑Cola HBC has agreed to acquire Acque Minerali, a privately-held natural mineral water and adult sparkling beverages business based in Italy. The acquisition is being made in conjunction with The Coca-Cola Company, in-line with previous similar acquisitions. The total enterprise value payable by Coca‑Cola HBC and The Coca‑Cola Company, subject to customary closing adjustments, amounts [...]...
  • Britvic Signs Up to Science Based Targets Initiative Britvic has pledged to pursue bolder greenhouse gas (GHG) emission reduction targets by signing up to the Science Based Targets initiative. Britvic joins around 600 leading companies from around the world in formally committing to independently verified science-based GHG emission reduction targets. Britvic’s A Healthier Everyday sustainability strategy recognises climate change as one of the biggest threats facing [...]...
  • Marks & Spencer Partners Infarm to Bring Urban Farming to London Stores M&S Food is partnering with infarm – one of the world’s most advanced urban farming platforms – to deliver a range of fresh produce grown and harvested in a selection of the retailer’s London stores. Customers will now find a range of fresh herbs – including Italian, Greek and Bordeaux Basils, Mint, Curly Parsley and Mountain [...]...
  • Coca-Cola European Partners to Remove 4,000 Tonnes of Single-use Plastic by Swapping Shrink Wrap For Cardboard in Western Europe Coca-Cola European Partners, will be replacing plastic shrink wrap with cardboard for its can multipacks across Western Europe, removing approximately 4,000 tonnes of single-use plastic per year across the region. This is the latest move in Coca-Cola’s commitment to tackle packaging waste and remove all unnecessary single-use plastic from its secondary packaging. Plastic shrink wrapping is used [...]...
  • EU Leading in Global Agri-food Trade The EU has been confirmed for yet another year in its position as the largest global exporter of agri-food products, with sales reaching €138 billion in 2018. Agriculture products represent a solid share of 7% of the value of EU total goods exported in 2018, ranking fourth after machinery, other manufactured goods and chemicals. Agriculture and [...]...

Eden Springs Completes Acquisition of Nestlé Waters Direct Businesses in Germany, Portugal and The Netherlands

Eden Springs Completes Acquisition of Nestlé Waters Direct Businesses in Germany, Portugal and The Netherlands
December 09
09:31 2014

Eden Springs, a leading European provider of office water and coffee solutions, has completed the first step in the acquisition of three of the five Nestlé Waters Direct (NWD) water cooler businesses from Nestlé Waters. The overall acquisition of the five NWD businesses was agreed with Nestlé Waters in early September. The three NWD businesses in Germany, Portugal and the Netherlands have transferred to Eden Springs, marking the first stage in bringing these two organizations together as one team and providing a springboard for future growth.

The deal provides a key opportunity for Eden Springs’ ongoing expansion into the provision of water and coffee service solutions across Europe.

Post-acquisition, Eden’s installed water and coffee client base will reach approximately 1 million. Legacy NWD customers will now enjoy the added bonus of selecting from a broad range of branded workplace coffee solutions, including Lavazza, Mars, Dowe Egberts, Gimoka and Eden’s own label, Edenissimo.

The deal reflects Eden Springs’ confidence in the long-term potential of the European workplace beverages sector. Raanan Zilberman, CEO of Eden Springs, comments: “We are particularly excited to enter Germany, Europe’s largest economy, and a country that offers strong prospects in both water and coffee.”

Germany saw the greatest volume growth in EU workplace water services, up 6% in 2013, and has one of the highest office coffee consumption levels in Europe, of more than two cups per day.

He concluded: “This deal demonstrates our serious intention to continue long-term development and expansion in the resilient and profitable workplace drinks sector. The new scale for Eden provided by the acquisition will allow us to increase investment in operational and service excellence, and is an important milestone in realizing our vision to be every European workplace’s favorite water and coffee service provider.”

Eden expects to close the acquisition of the remaining two NWD businesses in Poland and Russia in 2015, subject to customary regulatory and other approvals. When finalised, the total deal is expected to increase Eden’s annual turnover to approximately €370 million.The acquisition has been and will be financed through a combination of equity and debt.

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements