Saratoga spring water is sold to a holding company

0

SARATOGA SPRINGS – Saratoga spring water, which dates to the 19th century in the spa town, has been sold to a Connecticut investment company.

Owner-operator Adam Madkour sold the company for an undisclosed amount to Blue Triton, which is owned by two investment firms: One Rock Capital Partners and Metropoulos & Co., according to a report by the Stamford Advocate.

“We believe BlueTriton’s leadership and resources will position SSWC’s products for growth while enabling the company to continue to produce the high-quality, premium products we are known for,” Madkour said in a statement. press release prepared regarding the sale.

“We look forward to our partnership with BlueTriton, which shares our long-standing commitment, mission and philosophy of service and corporate responsibility.”

Madkour took over the company in 2001, having worked there as an executive since the 1990s. Following its acquisition, Madkour sought to expand the market for its sparkling and still water, capitalizing in part on the cachet of the name Saratoga and its distinctive cobalt blue glass bottles.

In 2010, the company was distributing its products in China and its sparkling water was served at a 2013 presidential inauguration event in Washington D.C.,


Prior to Madkour, the company had been bought and sold many times and was at one point owned by Anheuser-Busch, which sold the company to Evian Waters of France. In 2000 it was sold to a Connecticut investment firm, North Castle Partners and Madkour purchased the business the following year.

New owner BlueTriton operates Poland Spring and other regional bottled water brands including Deer Park, Ozarka, Ice Mountain, Zephyrhills and Arrowhead, as well as the Pure Life and Splash lines.

Blue Triton was formerly known as Nestle Waters North America. This company was sold over the summer to the new investment group, resulting in the name change.

rkarlin@timesunion.com • 518-454-5758 • @RickKarlinTU

Share.

Comments are closed.