Waterlogic has announced the acquisitions of Maestro Pressure Coolers and Cariad Cool Water Ltd.
BWCA Member, Cariad Cool Water (formerly Princes Gate Cool Water) was founded in 2001 by Glyn and David Jones in Princes Gate, Pembrokeshire, South Wales. The company supplies bottled and point-of-use water coolers across Wales and the South West of England, with depots in Margam, Port Talbot and Narberth, Pembrokeshire. The acquisition of Cariad Cool Water establishes Waterlogic UK with a direct presence in Wales.
Glyn Jones, Owner, Cariad Cool Water, said, “As a family, we are proud to have built this business, and thankful for the loyal relationships we have enjoyed with our customers and employees. In Waterlogic UK, we have found the perfect company to continue the growth of the business for the future.”
Maestro Pressure Coolers is based in Plumstead, East London. Established in 1993, the company supplies both bottled and point-of-use water coolers to UK businesses.
Greg Pritchett, Managing Director, Waterlogic UK and Ireland, said, “The combination of national reach with local density will ensure we are able to continue serving our new and existing customers in the best possible way.”
Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor. Maestro Pressure Coolers Ltd and Cariad Cool Water are the most recent acquisitions as part of the company’s buy and build strategy since the acquisition by Castik, and following substantial acquisitions in the US, UK, Australia, Spain, France, Germany, CEE, and Scandinavia.