Eden Springs Europe Sells its Italian Subsidiary
Eden Springs SA, Europe’s leading brand for workplace water solutions, announces the sale of its Italian operations Eden Springs Italia SRL to Metaura S.r.l., part of Italy’s DiAl group.
Eden Springs has been active in the Italian market since forming a joint venture with Danone in 2003. The Italian operation bottles and distributes more than 5.8 million liters of water per year to a client base of more than 7000 water coolers. The DiAl group is active in Italy’s vending, coffee and bottled water business, and had previously purchased the bottling plant Drink-Cup from Eden in 2006.
The Italian water cooler market is very fragmented and it is therefore difficult to cover the entire country, as is Eden’s approach in our other markets. According to Jean-Marc Bolinger, Director of Eden Springs Italia, "The low penetration rate of HOD in Italy, coupled with lack of growth in recent years, has prompted our decision to sell."