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Cott buys Hungary's sparkling water company Clearwater

Canadian bottled water delivery company Cott Corp. and its wholly owned subsidiary Eden Springs, has acquired Clearwater Kereskedelmi és Szolgáltató Korlátolt Felelősségű Társaság, according to a Jan. 9 release.

Financial terms of the transaction were not disclosed.

Clearwater is a Hungary-based sparkling water producer.

Cott said the acquisition will help Eden Springs boost its position in the country with the addition of 14,000 machines on location, plus intellectual property for a carbonation technology patent that will provide customers with carbonated water through water filtration dispensers and bottled water coolers. Eden Springs said it will introduce Clearwater's carbonation technology to other markets.