Waterlogic acquires Maestro Pressure Coolers and Cariad Cool Water in the UK
WOLVERHAMPTON, LONDON, SOUTH WALES, 18 DECEMBER 2018 – Waterlogic, a leading global designer, manufacturer, distributor and service provider of purified drinking water dispensers, is pleased to announce the acquisitions of Maestro Pressure Coolers and Cariad Cool Water Ltd. in the UK.
Maestro Pressure Coolers is based in Plumstead, East London. Established in 1993, the company supplies both bottled and point-of-use water coolers to UK businesses. The acquisition of Maestro Pressure Coolers further strengthens Waterlogic’s market presence in the UK and adds additional product lines to an already comprehensive range of drinking water solutions.
Cariad Cool Water (formerly Princes Gate Cool Water) was founded in 2001 by Glyn and David Jones in Princes Gate, Pembrokeshire, South Wales. The company supplies bottled and point-of-use water coolers across Wales and the South West of England, with depots in Margam, Port Talbot and Narberth, Pembrokeshire. The acquisition of Cariad Cool Water establishes Waterlogic with a direct presence in Wales and allows for increased and more efficient customer growth and reach in this important market.
Glyn Jones, Owner, Cariad Cool Water, said, “As a family, we are proud to have built this business, and thankful for the loyal relationships we have enjoyed with our customers and employees. In Waterlogic, we have found the perfect company to continue the growth of the business for the future.”
Greg Pritchett, Managing Director, Waterlogic UK and Ireland, said, “The combination of national reach with local density will ensure we are able to continue serving our new and existing customers in the best possible way.”
The expansion of Waterlogic UK’s product portfolio and customer base significantly strengthens the company’s position as the total water solutions provider of point-of-use and under-counter dispensers, bottled water coolers and specialty hotel and hospitality solutions, and accelerates growth in the UK.
Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor. Water Coolers Ltd and Cariad Cool Water are the most recent acquisitions as part of the company’s buy and build strategy since the acquisition by Castik, and following substantial acquisitions in the US, UK, Australia, Spain, France, Germany, CEE, and Scandinavia.
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Rosanna Turner, Group Marketing Communications Manager
Waterlogic is an innovative designer, manufacturer, distributor and operator of point-of-use (POU) drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants and other workplaces. Founded in 1992, Waterlogic was one of the first companies to introduce POU systems to customers worldwide, and has been in the forefront of the POU market, promoting product design and quality, the application of new technologies and world class sales and service. Waterlogic has its own subsidiaries in many markets and an extensive and expanding independent global distribution network in place, reaching over 60 countries around the world. Waterlogic products are currently distributed in North and South America, Europe, Asia, Australia and South Africa. Waterlogic’s leading markets are the US, Australia and Western Europe, in particular the UK, Scandinavia, Germany and France. More information can be found at www.waterlogic.com
Castik Capital S.à r.l (“Castik”) manages investments in private equity. Castik is a European multistrategy investment manager, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with management teams. Founded in 2014, Castik is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. The advisor to Castik is Castik Capital Partners GmbH, based in Munich. Investments are made by the Luxembourg-based fund, EPIC I SLP, the first fund managed by Castik, which had its final fund close of EUR 1bn in July 2015.