Clairvest purchases 20 percent interest in Sparkling Spring Water Limited.TORONTO--(BUSINESS WIRE)--Jan. 22, 1996--CLAIRVEST GROUP INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CVG CVG Convergys Corp CVG Corporación Venezolana de Guayana CVG Clear Vertical Grain (woodworking) CVG Carrier Group CVG Corporacion Venezolana de Guyana CVG Comprehensive Video Group (South Hackensack, NJ, USA) ) Clairvest Group Inc. today announced that it has invested CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $6 million to acquire an approximate 20 percent interest in Sparkling Spring Water Limited, a private company. Sparkling Spring Water's primary business, representing over 90 percent of sales, is the bottling and delivery of spring water and the rental of water coolers to residential and commercial customers. The sale of bottled water for retail distribution comprises the remainder of its business. The company has an international focus, serving the markets of British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography and the Maritime provinces Maritime Provinces or Maritimes, Canada, term applied to Nova Scotia, New Brunswick, and Prince Edward Island, which before the formation of the Canadian confederation (1867) were politically distinct from Canada proper. in Canada and of London and the surrounding regions in the United Kingdom. Sales for 1996 are forecast to be just under $40 million. The bottled water business represents the fastest growing segment of the beverage industry and Sparkling Spring Water has the leading market share in each of its markets. "We look forward to building on our success through continued internal growth and by making acquisitions in the bottled water industry in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe," commented Steve Larson, Sparkling Spring Water's Vice-Chairman. "Clairvest's entrepreneurial approach and financial backing will be invaluable to us as we execute this plan." Joe Rotman, Chairman of Clairvest, added, "Sparking Spring Water's leadership in each of its markets and its high rate of growth are a result of the quality of the management team at Sparkling Spring Water. We have confidence in their strategy and are pleased to play a role in the company's future growth." Clairvest Group Inc. is a Toronto-based merchant bank that invests in and assists in the management of carefully selected, emerging companies. It contributes human as well as capital resources to stimulate the growth and development of its investment partners, in order to build long-term value. CONTACT: Clairvest Group, Inc. James H. McKelvie, C.A., 416/925-9270 |
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