DS Waters of America, Inc. Agrees to Acquire The Business of The Standard Companies, Inc.
NEW ORLEANS, Feb. 28, 2012 /3BL Media /PRNewswire/ -- On February 3, 2012 DS Waters of America, Inc. (DS Waters) and The Standard Companies, Inc. (Standard) signed an asset purchase agreement whereby DS Waters will acquire substantially all of the assets of Standard. The transaction is expected to close in late March, 2012, subject to regulatory clearance.
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DS Waters, one of the country's largest providers of home and office bottled water delivery service, with a growing presence in office coffee services and water filtration systems, will benefit from The Standard Companies' nationwide distribution network, which provides brewed coffee and tea beverages, equipment, condiments, water filtration systems and related items to offices, restaurants and food service organizations throughout the United States. Standard operates three business units: Standard Coffee Service®, StandGuard Quality Water Assurance® and Relyant Coffee Equipment Services™. Standard Coffee Service has serviced commercial customers through its route based business for 45 years. StandGuard, established in 1991, provides filtered water solutions to commercial customers and Relyant Coffee Equipment Services has provided equipment installation and maintenance services for brewed beverage equipment, as well as water filtration dispensing units, since 2009.
As the significant resources of these two companies are combined, DS Waters will assume management of the nationwide delivery for all Standard Coffee® customers.
"I am excited to welcome the customers and associates of Standard to the DS Waters family. We look forward to continuing the unparalleled commitment to superior service and quality products that Standard Coffee has offered its customers for over 40 years," said Dillon Schickli, CEO of DS Waters.
Anthony Gregorio, President and CEO of Standard commented, "I have had the privilege to run Standard Coffee for the past seven years and look forward to partnering with a team of proven professionals that will continue to focus on preserving our brands and continue the emphasis on the exceptional service that our customers expect."
"The combined strength of these two companies will not only enhance our customer offerings but improve our national footprint with the addition of new service territories," said Tom Harrington, President and COO of DS Waters.
About DS Waters:
DS Waters of America, Inc. (DS Waters) is a U.S. operated bottled water, water filtration and coffee service company. Headquartered in Atlanta, Georgia, the company's products are produced at 27 company-managed production facilities, 10 supplier-managed facilities and are delivered to over a million home, office and retail locations across the U.S. DS Waters is a leader in the home and office delivery of bottled water and several of our brands have been satisfying consumers for well over 100 years. The DS Waters products are sold under the brand names Alhambra®, Athena®, Belmont Springs®, Crystal Springs®, Deep Rock®, Hinckley Springs®, Kentwood Springs®, Mount Olympus®, Nursery® Water, Sierra Springs®, Sparkletts®, and Roast2Coast®, a coffee delivery service, as well as My Utapia™, a water filtration service. The company's water product offerings include three and five gallon returnable bottles, one gallon, two and a half gallon and single-serve bottles, as well as water coolers and water filtration units. DS Waters and its associates provide safe drinking water to communities during emergencies such as hurricanes, fires, floods, droughts and other natural disasters. Visit water.com,nurserywater.com, myutapia.com or athenawater.com for more information.
DS Waters is a proud partner of Susan G. Komen for the Cure®.
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