Amcon Completes Acquisition of Hawaiian Natural Water
Amcon which is based out of Omaha, Neb., has provided assistance to Hawaiian Natural Water Co. in creating a new, first-class bottling plant on the Big Island that will increase output from 40,000 cases to more than 225,000 cases a month to help meet growing consumer demand.
"We acquired Hawaiian Natural Water because it is a quality product with a big future that fits beautifully into our growing distribution business," said William F. "Bill" Wright, Chairman and CEO of Amcon. "We distribute many products and we wanted a healthful, attractive, quality product of our own."
The merger makes Hawaiian Natural Water a wholly owned subsidiary of Amcon. Shareholders of Hawaiian Natural Waters will receive Amcon shares, which are listed on the American Stock Exchange under the symbol DIT.
Distributed under the Hawaiian Springs trademark, Hawaiian Natural water is a premium brand that is naturally produced and bottled at the source.
"We believe it can fill a growing niche market that seeks high quality natural water from recognized and respected sources," Wright said.
Source: Businesswire