Leading supplier of instant drinking water appliances, Zip Industries, has today announced it will join forces with Culligan International.
Set to acquire 100% of Zip Industries, for an undisclosed sum, the deal is expected to be completed by August 2017.
Culligan is a global leader in residential, office, commercial, and industrial water treatment with more than 800 Culligan dealers in over 90 countries.
Commenting on the recent news, John Doumani (pictured), chief executive of Zip, stated “We are delighted to have been recognised by Culligan as an innovator in the global market for boiling, chilled, and sparkling instant drinking water appliances.
“Our innovation programme over recent years has seen the successful launch of products such as the Zip HydroTap G4, the Design Range and our range of Platinum finishes. We look forward to continuing to drive innovation behind water quality, enhanced functionality, energy efficiency and aesthetic appeal with the strong support of the Culligan team.
Scott Clawson, president and chief executive officer of Culligan International added “We’re thrilled to bring Zip into the Culligan team. I believe these businesses are a great fit with a shared focus on water purity, convenience, technology and innovation. By working together, we look forward to exploring opportunities to expand Zip’s product range, particularly the HydroTap, into new markets internationally.”Zip Water | zipwater.com