Mar Cor Purification, Inc. acquired assets of Pure Water Solutions, Inc. from Full Motion Beverage, Inc. for $11.9 million.
January 01, 2015 at 11:00 pm EST
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Mar Cor Purification, Inc. acquired assets of Pure Water Solutions, Inc. from Full Motion Beverage, Inc. (OTCPK:FMBV) for $11.9 million in cash on January 1, 2015. Rob Simmons, Chief Executive Officer of Pure Water Solutions, will continue as an employee of Mar Cor Purification, where Rob Simmons will assist in the integration and continued service of the Pure Water Solutions customer base and the growth of the broader commercial and industrial water business. For the trailing 12 months, Pure Water had pre-acquisition unaudited revenues and EBITDA of just over $8 million and $2 million, respectively. The transaction is expected to be neutral and slightly accretive to Cantel.
Mar Cor Purification, Inc. completed the acquisition of assets of Pure Water Solutions, Inc. from Full Motion Beverage, Inc. (OTCPK:FMBV) on January 1, 2015.
Full Motion Beverage, Inc. is engaged in the business of developing, marketing, and distributing non-alcoholic beverage brands. The Company has three subsidiaries, Performaxx Brands, Inc., Mojito Brands, Inc. and J&B Beverage Distributors of NY, LLC. Performaxx Brand, Inc. has a primary focus of developing proprietary brands and is the producer of ENERGIZE energy boost shots. Mojito Brands, Inc. is a producer of MOJAVA, a ready-to-drink (RTD) black coffee beverage. J&B Beverage is a direct store delivery beverage distribution company. J&B is a distributor for Liquid Ice Energy Drink, Manhattan Special Premium Coffee Soda, and all Performaxx and Mojito Brands beverages.