CANADA – Global leader in point-of-use water purification, Waterlogic has acquired Canadian supplier of filtered water systems Q water in an effort to expand its premium water offerings.
Founded in 2007 by Paula Tekela, Q water is headquartered in Toronto, Ontario, and serves a customer base throughout the US and Canada.
The company describes its product as a premium 4 tier water filtration system, providing Still or Sparkling water without added sodium.
“Q water filtration system includes sediment and carbon filters to reduce particles of sand, silt and rust, and also provides reduction of chlorine taste, organic chemicals, lead and odors associated with tap water,” Q water adds.
The company offers an additional Q water polishing filter that “smooths the taste & standardizes the beverage quality.”
The acquisition supports Waterlogic’s growth strategy, proving an expansion of its waterline with a group of customers throughout North America.
The purchase of Q water also marks the fourteenth acquisition completed by Waterlogic in 2021.
Earlier this month, Waterlogic acquired a US water purifying business Smart Water Memphis.
Back in July, Waterlogic expanded its presence into Finland following the acquisitions of Mixtec’s Thoreau franchise and the beverage service business of Beverage Technology Services Finland.
The deal for Thoreau’s Finnish franchise and hospitality solution came just a few months after Waterlogic acquired Thoreau International.
With the acquisition of the Thoreau brand, Waterlogic will launch its hospitality offering for the first time in Finland alongside its Purezza Premium Water brand.
The deal also provides Waterlogic with the opportunity to introduce its full range of office hydration solutions to businesses across the country.
The stream of acquisition comes against a backdrop of new investor funds pumped in by Private equity firm Castik Capital.
The private equity firm had announced earlier in May that a new single asset fund managed by Castik will acquire a majority stake in water dispenser manufacturer and supplier Waterlogic.
According to a statement from Castik Capital, the newly established EPIC I-b Fund closed at its hard cap of €700 million and will acquire the majority stake in Waterlogic from Castik Capital’s existing EPIC I Fund, which acquired a significant stake in Waterlogic in January 2015.
This transaction followed a separate sale of a significant minority stake in Waterlogic to four institutional investors – British Columbia Investment Management Corporation (BCI), Neuberger Berman, StepStone, and Skandia – in May 2020.
Liked this article? Subscribe to Food Business Africa News, our regular email newsletters with the latest news insights from Africa and the World’s food and agro industry. SUBSCRIBE HERE