New ETF Book by Larry Connors - Click here to read more
Vermont Pure, parent of Crystal Rock Water Co., acquired Blue Hills Spring Water Co. Inc., a company better known by its popular brand, Monadnock Mountain Spring Water, said Peter K. Baker, the company's chief executive officer.
Blue Hills produces about $3.5 million in annual revenue, making the acquisition the largest in Vermont Pure's history, Baker said. Financial terms of the deal were not disclosed.
The acquisition will add about 20 new employees, including route drivers, salesmen and service technicians, Baker said. Assets acquired in the deal range from about 25 vehicles, including delivery vans, trucks and cars, to dispensing equipment, bottles and customer lists.
Blue Hills' customers will be merged into Vermont Pure's existing operations in the Boston area, increasing the density of the company's driver routes in the market, Baker said.
"Blue Hills, through Monadnock, has been a recognized leader in the Boston bottled water market for many years and the acquisition of their customer base puts us in position to be a major player in the largest metro area in New England," he said.
"We're really excited about this one. It really puts us on the map in the Boston area and gives us a great platform from which to grow and expand."
Vermont Pure distributes natural spring water, coffee and other refreshments to homes and offices in New England, New York and New Jersey. With more than $69 million in annual sales and more than 100,000 customers, it is the largest independent and third-largest company of its kind in the nation.
To see more of the Waterbury Republican-American, or to subscribe to the newspaper, go to http://www.rep-am.com. Copyright (c) 2009, Waterbury Republican-American, Conn. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
