SARATOGA SPRINGS — Saratoga Spring Water, which dates to the 19th century in the Spa City, has been sold to a Connecticut investment firm.
Owner-operator Adam Madkour sold the company for an undisclosed sum to Blue Triton, which is owned by a pair of investment firms: One Rock Capital Partners and Metropoulos & Co., according to a report in the Stamford Advocate.
“We believe BlueTriton's leadership and resources will position SSWC's products for growth while enabling the company to continue producing the high-quality, premium products we are known for,” Madkour said in a prepared statement regarding the sale.
“We look forward to our partnership with BlueTriton, who shares our commitment, mission and long-held philosophy of service and corporate responsibility.”
Madkour took over the company in 2001, having worked as an executive there since the 1990s. After acquiring it, Madkour worked to expand the market for their sparkling and non-sparkling water, capitalizing in part on the cachet of the Saratoga name and on their distinctive cobalt-blue glass bottles.
By 2010, the company was distributing its products in China and its sparkling water was served during a 2013 presidential inauguration event in Washington D.C,
Previous to Madkour, the company had been bought and sold several times and had been owned at one point by Anheuser-Busch, which sold the company to Evian Waters of France. In 2000 it was sold to a Connecticut investment firm, North Castle Partners and Madkour purchased the business the following year.
New owner BlueTriton manages Poland Spring and other regional bottled-water brands, including Deer Park, Ozarka, Ice Mountain, Zephyrhills and Arrowhead, as well as the Pure Life and Splash lines.
Blue Triton was previously known as Nestle Waters North America. That company was sold over the summer to the new investment group, which led to the name change.
rkarlin@timesunion.com • 518-454-5758 • @RickKarlinTU
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Saratoga Spring Water is sold to holding company - Times Union
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