Ionics, Incorporated has completed the sale of its Aqua Cool® Pure Bottled Water operations in the United States, the United Kingdom and France to affiliates of Perrier-Vittel, S.A. – a subsidiary of Nestle S.A.
Ionics and its subsidiaries in the United Kingdom and France received proceeds in the transaction totaling U.S. $220 million, of which $10 million is being held in escrow pursuant to the terms of the acquisition agreement.
The amount of the purchase price is subject to final adjustment based on the number of customers and working capital levels.
Ionics is a global separations technology company involved in the manufacture and sale of membranes, equipment and own and operate services for the purification, disinfection, concentration, treatment and analysis of water, wastewater and ultrapure water.
Source: PR Newswire
