Vermont Pure Holdings, Ltd. Announces the Acquisition of Blue Hills Spring Water Company, Inc.
April 06 2009 - 3:00PM
PR Newswire (US)
WATERTOWN, Conn., April 6 /PRNewswire-FirstCall/ -- Vermont Pure
Holdings, Ltd. (NYSE Alternext: VPS) announced that it has acquired
the assets of Blue Hills Spring Water Company, Inc. of Quincy,
Massachusetts. Blue Hills is better known by its popular brand
Monadnock Mountain Spring Water. The assets purchased include
trucks, dispensing equipment, bottles, and customer lists. Blue
Hills' customers will be merged into Vermont Pure's local existing
operation creating more density in the Boston market for the
Company. "Blue Hills, through Monadnock, has been a recognized
leader in the Boston bottled water market for many years and the
acquisition of their customer base puts us in position to be a
major player in the largest metro area in New England," said Peter
Baker, CEO of Vermont Pure Holdings, Ltd. "We are excited to supply
Vermont Pure Natural spring water, as well as our other home and
office refreshment products, to Blue Hills' customers," he
concluded. Approximately 5,000 customers were acquired in the
transaction. "The transition to Vermont Pure is an obvious one for
us. They have a long history of providing superior customer service
and an extensive selection of quality products including their
flagship brands, Vermont Pure(R) and Crystal Rock(R)," said Mike
Verrochi CEO of Blue Hills. Vermont Pure Holdings, Ltd. (NYSE
Alternext: VPS), the largest independent home and office
distributor of its kind in the United States, markets water, coffee
and other home and office refreshment products throughout the
Northeast through its subsidiary Crystal Rock LLC. The Company
bottles and distributes natural spring water under the Vermont
Pure(R) brand and purified water with minerals added under the
Crystal Rock(R) label. The majority of its sales are derived from a
route distribution system that delivers water in 3- to 5-gallon
reusable and recyclable bottles. The Company continues to set high
standards in the bottled water industry through its technical
innovation, commitment to the environment and by integrating its
family roots into relationships with employees and customers. More
information is available at http://www.crystalrock.com/. Note: This
press release contains forward looking statements that involve a
number of risks and uncertainties that could cause actual results
to differ materially from those indicated by such forward looking
statements, including the effects of the pending restatement of our
consolidated financial statements, integration of acquisitions,
ability to sustain and manage growth, changing market conditions,
and other risks detailed in the company's filings with the
Securities and Exchange Commission. DATASOURCE: Vermont Pure
Holdings, Ltd. CONTACT: Peter Baker, CEO, +1-860-945-0661 Ext.
3001, or Bruce MacDonald, CFO, +1-802-860-1126, both of Vermont
Pure Holdings, Ltd.
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