Crystal Rock Holdings announces acquisition of Rhode Island-based Girard Spring Water; financial terms not disclosed
October 3, 2012
– Crystal Rock Holdings, Inc. (NYSE Amex: CRVP) has recently acquired the assets of the Home and Office business of Frontenac Crystal Springs in Lewis and Jefferson Counties of New York and Girard Spring Water Company in Providence, Rhode Island. Both companies represent key acquisitions within the home and office water markets, and Crystal Rock will continue to deliver a premier customer experience with expanded product and service offerings.
"These acquisitions expand our market area and density in northern New York state and southern New England. We welcome the customers of Frontenac and Girard and know they will enjoy an ever-growing selection of products and services that we offer, including the Crystal Rock Waters, Vermont Pure Natural Spring Water, Cool Beans Coffee and Crystal Rock Office brands," commented Peter Baker, President & CEO, Crystal Rock.
The 1,500 customers acquired from Frontenac will be serviced from Crystal Rock's existing facility in Syracuse, New York, and the 400 customers acquired from Girard will be serviced between two facilities located in Groton, Connecticut and Canton, Massachusetts. With over 100,000 products within the water, coffee, vending and office products business, Crystal Rock will look to deliver more everyday convenience and value to support changing lifestyles and demands.
Baker also noted, "We've spent nearly a century building Crystal Rock on the idea of product innovation and excellence in customer service. We continue to focus on delivering more value to our customers through the belief that consistent delivery of the little things have the greatest impact on someone's day."
Crystal Rock Holdings, Inc. (NYSE Amex: CRVP), operating through its subsidiary Crystal Rock LLC, markets and distributes water, coffee, office supplies and other home and office refreshment products throughout the Northeast. The company is the largest independent home and office distributor of its kind in the United States. It bottles and distributes natural spring water under the Vermont Pure® brand, purified water with minerals added under the Crystal Rock® Waters label and roasts and packages coffee under its Cool Beans® brand. The majority of its sales are derived from a route distribution system that delivers water in 3- to 5-gallon reusable, recyclable bottles, and coffee in fractional packs or pods. With a new identity and the tagline, "Little Things Matter(SM)," Crystal Rock continues to set high standards in the home and office refreshment industry through technical innovation, a commitment to the environment, and the integration of its family roots into relationships with employees and customers. More information is available at crystalrock.com.