Refresh Group has acquired Sydney-based bottled water supplier Aquazuro Australia, with the intention to integrate Aquazuro’s bottled water delivery business into its existing operations.
Aside from Neverfail, owned by Coca-Cola Amatil, Refresh is the only other company in the home and office delivery segment of the bottled water market that operates in multiple locations, according to the company.
Refresh expects the acquisition of Aquazuro to increase its revenue and profit, as well as increasing its customer density in Sydney, thereby reducing distribution costs.
The company now has factories in Sydney, Perth, Melbourne, Brisbane, Toowoomba and Kalgoorlie.
Refresh is currently looking into other acquisition opportunities to expand its growth.