BREAKING NEWS

Rhone Capital to acquire Eden Springs

JUNE 16, 2013 21:43

Rhone Capital will acquire Eden Springs and its Israeli (Mey Eden) and European operations from the Eden Holland company in a deal valuing the company at NIS 1.2 billion.

The deal, announced Sunday, will not end the company’s operations in Israel, its CEO Raanan Zilberman said.

“We see in the acquisition a great opportunity to accelerate the company’s expansion,” he said, adding that it would continue growing its water products, including bottled water and coffee services.

Atop the list of new markets, Zilberman added, was Eastern Europe.

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