US – Hiru Corporation, a bottled water packaging company, has acquired a full-scale, water bottling company out of Roseville, California, in an agreement that entails both cash and equity.

The New Bottling Plant, which has a value of around US$7m, is 133,000 square feet of floor space and has four automated bottling lines (two of which are fully operational). The Georgia-based Corp. said all four bottling lines will be in full production by December 31, 2022.

The acquired bottling plant can produce all sizes of water bottles which will allow the Hiru Corp. to have full water bottles, allowing saline 88 and other major clients.

The capacity, according to Hiru, should allow it to expand and generate more top-line revenue with both current and future clients.

Ms. Kathryn Gavin, President, and CEO of the Hiru Corp. stated: “The acquisition of the Roseville water bottling plant will allow us to expand our relationship with Alkaline 88 and our other major national and regional clients. It will also let us significantly surpass our previous projected top-line revenue for 2023 which was US$30 million.

“We are working to ensure all four automated bottling lines are fully operational as soon as possible. This new location is very versatile as it will allow us to produce any size water bottle to meet all of our current client needs. Closing this acquisition was a priority for the company as soon as we discovered it was available.

It is exactly what we needed to move to the next level and to continue the exponential growth we have experienced since inception.”

The acquisition announcement comes just a month after the Corp purchased three additional fully automated water bottling lines and finalized its SQF certification.

With the acquisition of the SPQS gallon water bottling line and the three automated water bottling lines, the company said its manufacturing facility will now shift its operations to full automation.

The nature of the purchase of the three additional automated water bottling lines was with the Common Stock from a manufacturing plant that is closing in the State of California.

 The company said the purchase of the lines with the issuance of Common Stock saved it more than US$200,000 in cash.

Hiru said the saving allows it to fully service all the current and projected future product invoices from the two largest clients without a significant outlay of its cash flow or take on additional debt and its related ongoing debt service.

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