Waterlogic acquires Tipperary Water
Waterlogic acquires Tipperary Water, Ireland’s leading water cooler company
DUBLIN, IRELAND, 21st OCTOBER 2020 – Waterlogic, a leading global designer, manufacturer, distributor and service provider of purified drinking water dispensers, is pleased to announcethe acquisition of Tipperary Water’s water cooler business.
Tipperary Water,a leading Irish water cooler companywith over 12,000 machines in field, has offered a range of bottled water coolers and mains-fed dispensersas well as packaged waterto businesses across the Island of Irelandfor over 25 years.The company is owned by C&C Group plc, a leading manufacturer, marketer and distributor of premium branded cider, beer, wine and soft drinks.
Founded in 1992, Waterlogic has pioneered the application of advanced technology in the design of its water dispensers in support of its mission to deliver the safest, best-tasting water in the most sustainableway to organisations around the world. Waterlogic operates in Ireland, the UK and throughout Europe, the Americas and Australia, and has an extensive independent global distribution network reaching over 50 countries.
Greg Pritchett, Managing Director Waterlogic UK & Ireland said, “The acquisition of Tipperary Water has established Waterlogic’s Irish business very well to serve our customers and more generally, delivering on our strategy for local growth and regional alignment within the UK and Ireland region. We look forward to bringing the team on board to continue driving excellence for their customers and building on the success the company has enjoyed as the largest water cooler company in the island of Ireland.”
The acquisition doubles the size of the Waterlogic Ireland team based in Dublin and marks a significant milestone in the growth of the company’s market share in the Republic of Ireland and Northern Ireland. Following this acquisition of Tipperary’s water cooler business, Waterlogic will continue to purchasebottled waterfrom C&C Group’s Clonmel plant in County Tipperary.
Tom McCusker,Managing Director, C&C Ireland said,“This deal sees the coming together of the most recognisable brand of water in the region with the expertise of an outstanding global company. Tipperary Water Cooler company has been a great asset of C&C Group over a number of years but Waterlogic is now the ideal owner of the business for the next stage of its development. Tipperary Water Cooler company will continue to offer the same high-quality brand of naturally sourced water that our customers have come to depend on, together with the scale and operational efficiencies of a global player in the market.”
Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor.Tipperary Water Cooler companyis the most recent acquisition as part of the company’s buy and build strategy since the acquisition by Castik, and following substantial acquisitions in the U.S. and Canada, UK, Australia, Spain, France, Germany, Latin America and Scandinavia.
- ENDS -
Rosanna Turner, Group Marketing Communications Manager
Waterlogic is an innovative designer,manufacturer, distributor and serviceprovider of drinkingwater dispensers andaccessories designed for environmentssuch as offices, factories, hospitals,
restaurants, hotels, schools and publicspaces. From freestanding, countertopand integrated dispensers to water fillingstations, fountains and boilers, everysolution focuses on delivering the bestquality water in the safest and mostsustainable way. An extensive range ofconsumables and accessories adaptsto customer needs and is available onsubscription service to guarantee costsavingsand continuous supply.
Founded in 1992, Waterlogic was one ofthe first companies to introduce mains-feddispensers to customers worldwide, andhas been at the forefront of the marketpromoting product design and waterquality, the application of proprietarytechnologies, sustainability and world-classsales and service.
Waterlogic has its own subsidiaries in17 countries and its leading markets arethe U.S., Australia and Western Europe,in particular the UK and Germany. Thecompany drives growth organically andthrough M&A to consolidate its lead inexisting territories and extend its reachto new markets. In addition, Waterlogic’sextensive and expanding independentglobal distribution network spans over 50countries around the world in North andSouth America, Europe, Asia, Australiaand South Africa. Its far-reaching marketcoverage means Waterlogic is the onlywater dispenser provider able to coverthe full geographical needs of globalcustomers under one roof. 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.