The CMA has cleared Danone’s acquisition of Harrogate Water after launching a merger inquiry in May.
Back in February it was revealed that Danone was set to acquire a majority stake in Harrogate Water, the family-owned business behind the historic Harrogate Spring Water brand.
The share purchase agreement will see the French corporation take a majority stake via a UK subsidiary, Danone Water. The current shareholders in Harrogate Water – the Cain family – will remain as minority shareholders and continue to contribute to the company’s growth.
Harrogate Spring Water has a history dating back to 1571 and was first bottled in 1740.
The acquisition will allow Danone Waters to further develop its position in the UK and support future growth for Harrogate Water’s portfolio.
It will provide new opportunities for both businesses to deliver growth across complementary channels, combining the respective know-how of Harrogate Water in foodservice and Out of Home channels and Danone Water in retail channels.
This move also reflects the shared ambition of both companies to encourage healthier and more sustainable drinking choices.
James Cain will join the management team of Danone Waters UK and continue to lead the Harrogate Water business.