TORONTO — DS Services, a subsidiary of Cott Corp., has acquired The Mountain Valley Spring Co. from Great Range Capital in a transaction valued at $78.5 million.
Based in Hot Springs, Ark., Mountain Valley makes spring and sparkling water at a production facility in Hot Springs. The company also has four protected and owned springs in the Ouachita mountains. Mountain Valley’s products primarily are bottled in a variety of glass bottle sizes ranging from 5-gallon bottles to single-serve sizes such as one liter, 500 mL and 333 mL for distribution to the home and office channel, the natural food channel, on-premise, via e-commerce and through strategic contract packing.
Mountain Valley said it expects revenue of approximately $50 million in fiscal 2018, up from $39 million in 2015.
“We are very excited about strengthening our business and adding a fast-growing premium spring, sparkling and flavored water American brand to our portfolio,” said David Muscato, president of DS Services. “We have added not only a high-growth premium water product but also an American brand that we can offer to consumers in iconic glass bottled packages.”
Tom Harrington, Cott’s head of route-based services and incoming chief executive officer, added, “The Mountain Valley acquisition is another positive step in building out our water solutions portfolio and meeting our stated desire to continue to pursue acquisitions in the growing water and coffee segments, where we believe our platform, operating strength and synergies can be leveraged.”