Tag: Water

Nestlé Waters North America renamed BlueTriton Brands

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US – A few weeks after Nestlé announced completion of sale of its North America Water business to One Rock Capital Partners, the business has begun operating under a new corporate name, BlueTriton Brands. The business was sold to One Rock Capital Partners, in partnership with Metropoulos & Co for US$4.3 billion with the deal being finalised on 31 March. Referring to Triton, the god of sea in Greek mythology, the new name is said to reflect the company’s role as a guardian of sustainable resources and provider of fresh…

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Nestlé acquires alkaline water brand Essentia to expand presence in premium functional water segment

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US – Nestlé USA has announced that it has acquired leading alkaline water brand Essentia Water in an effort to expand its presence in the functional water segment. Essentia pioneered ionized alkaline water more than twenty years ago and is the leading brand in that space in the U.S. Its acquisition is part of Nestlé’s continued transformation of its global water business, which was announced in June 2020. The company is sharpening its portfolio to focus on international premium and mineral water brands and healthy hydration products, such as functional…

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Senegal secures US$138m from EIB to improve supply of drinking water

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SENEGAL – The European Investment Bank (EIB) is set to provide US$138.39 million (€114.5 million) in financial support to improve the drinking water supply and promote integrate solid waste management in Senegal. The support will strengthen the country’s resilience to the ongoing COVID-19 pandemic and other future pandemics as climate change exacerbates the urgency of the situation. By focusing on secondary cities, the Bank is supporting Senegal’s efforts to achieve balanced development across the country, reducing geographical disparities to ensure greater regional equity. Sustainable cities are an absolute necessity given…

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One Rock Capital Partners, Metropoulos to buy Nestlé’s North America water business for US$4.3bn

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SWITZERLAND – One Rock Capital Partners in partnership with Metropoulos & Co has agreed to by Nestlé regional spring water brands, purified water business and beverage delivery service in the U.S. and Canada for USD 4.3 billion. The agreement follows Nestlé’s announcement last year that it would conduct a strategic review of parts of the North American waters division and sharpen the focus of its global water portfolio. The sale includes a number of leading water brands in the U.S. and Canada, which had sales of around CHF3.4 billion (about…

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Endress+Hauser introduces ready-to-use water analysis panels heightening water safety

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SOUTH AFRICA – Endress+Hauser a global leader in measurement and automation technology for process and laboratory applications, has introduced ready to use water analysis panels, to ensure water monitoring is undertaken with minimum effort and has maximum reliability. The new CDP50 water analysis panel portfolio is specially designed for operators of municipal Waste Water Treatment Plants (WWTP), drinking water and industrial plants, to benefit from quick installation, state-of the-art instruments on the panels, as well as foolproof operation. According to the company, the panels can measure turbidity, pH, ORP, conductivity,…

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GreenTec Capital backed start-up Boreal Light closes US$7.5m investment round

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AFRICA – Boreal Light GmbH, a Berlin start-up company specializing in renewable energy solution for water treatment facilities has closed its US$7.5 million fund raising round, aimed to support the expansion of its innovative and impactful business in Africa and beyond. The investment was made by GreenTec Capital Partners in partnership with a US based family office affiliate, represented by Mr. Lane Pitcairn Pendleton, specialized in global wealth management investments. According to GreenTec, Boreal Light’s co-founders Ali Al-Hakim, and Dr. Hamed Beheshti met with with Mr.  Lane Pitcairn Pendleton and…

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Australia-based hydration solutions company Waterlogic expands presence in Sweden with the purchase of three firms

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SWEDEN – Waterlogic, an Australia-based hydration solutions company, has expanded its presence in Sweden with the acquisition of three companies; Vattentornet Aqua Concilio, Waterconcept and Thoreau International. Vattentornet Aqua Concilio services water dispensers in offices and workplaces across Sweden.  Waterconcept, on the other hand, focuses on the HoReCa market under the Thoreau brand, while Thoreau International sells franchises for HoReCa businesses outside of Sweden. In Sweden, Waterlogic provides hydration solutions such as mains-fed water dispensers to a wide range of organisations in the country from offices and workplaces to hospitality…

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Varun Beverages Zimbabwe rumps up production launching new production line

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ZIMBABWE – Varun Beverages Zimbabwe Private Limited (VBZPL), soft drinks manufacturer has commissioned a new production line for its Aquaclear bottled mineral water brand. The new investment is aimed to enable the company ramp up production as it seeks to push more volumes in the market, recommending a retail price of $15 and $13.40 per 750ml and 500ml bottle respectively. “The launch of the product at affordable prices, with great quality, should allow more consumers to drink clean and pure bottled water,” said Varun Beverages Zimbabwe vice-president Fungai Murahwa. With…

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Tunisia secures US$98m loan from Kuwaiti fund for drinking water projects

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TUNISIA – The Kuwait Fund for Arab Economic Development (KFAED) has provided a loan of US$98.5 million (263 million Tunisian dinars) to Tunisia for drinking water projects in urban areas. This is an additional financing the country’s National Company for the Exploitation and Distribution of Water (SONEDE) has received from KFAED. The funds handed over to the Tunisian government on 29 December 2020 represents the fourth tranche of a total amount of US$500 million pledged by the State of Kuwait at the international investment conference “Tunisia 2020”. Its objective is…

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SKOL Brewery in Rwanda ventures into soft beverage production with launch of new water production line

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Company Name: SKOL Brewery Product type: Water Innovation: New product RWANDA – Rwandan beer manufacturer, SKOL Brewery has inaugurated its state-of-the-art water production line with a production capacity of 40,000 bottles of pure mineral water per hour. The launch of the production line coincided with the introduction of its new bottled water brand dubbed Virunga Water coming in two variants i.e. mineral and sparkling water. According to the company, the new product is packed in an eco-friendly returnable glass bottle in line with the country’s law relating to the prohibition of single-use plastic…

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