Hungarian mineral water holdings to merge
Hungarian mineral water bottlers Szentkirályi and Kékkúti, which were acquired by Italyʼs Pasquale family last spring, will merge on November 1, Central European Mineral Water Holding (CEMW) said yesterday, according to Hungarian news agency MTI.
Both bottlers have been operating jointly since their acquisition and generated combined revenue of HUF 15 billion last year, up 13%. This year, sales are set to rise another 10%.
The bottling plant in Kékkút will start making flavoured water following a €2.5 million investment.
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