‘All clear’ given to Danone acquisition of Harrogate Water
The Competition and Markets Authority (CMA) has today confirmed it will not be referring the intended acquisition by Danone SA of Harrogate Water Brands Limited to a phase two investigation.
The CMA says, that on the information currently available, it will not be looking into the deal any further under the provisions of the Enterprise Act 2002.
The share purchase agreement will see Danone acquire the Harrogate-based firm, with the current shareholders of Harrogate Water, the Cain family, remaining as minority shareholders.
Harrogate Water which owns the British water brand “Harrogate Spring Water”, and the charitable brand “Thirsty Planet”, turned over £21.6m last year.
Harrogate Water was originally set up with the assistance of Harrogate Borough Council to increase the profile of the town. However its history goes back to 1571, with Harrogate Spring Water first bottled in 1740,
Danone is one of the world’s leading natural source water companies globally and home to iconic brands, including evian and Volvic.
The acquisition is intended to further develop Danone Waters’ position in the UK and support future growth for Harrogate Water’s portfolio.