Flavored water manufacturer has closed a $95 Million financing provided by Global Private Equity Partners

The water manufacturer plans to use the latest funding to fuel continued growth online and in retail stores.

NEW YORK, NEW YORK, UNITED STATES, February 22, 2021 /EINPresswire.com/ — Flavored water manufacturer has closed a $95 Million financing provided by Global Private Equity Partners.

The water manufacturer plans to use the latest funding to fuel continued growth online and in retail stores.

Available in more than 90,000 retail outlets Worldwide, flavored water is growing eight times faster than the premium still water segment overall, with retail sales growth surpassing 85% in the past 52 weeks, according to SPINS data. The brand’s online sales have more than doubled this year, and the company said it has continued to break monthly sales records throughout the first seven months of 2020, despite the impact of the coronavirus (COVID-19) pandemic.

“Our products help people fall in love with water, so they can lead healthier lives,” said, founder and chief executive officer of the water manufacturer. “Since our earliest products 15 years ago, fans have raved about how we stay true to the fruit and don’t use any sugar or sweeteners. They obsess over the fact that our watermelon water really tastes like watermelon and our blackberry water really tastes like blackberries”.

Global Private Equity Partners invests in high-growth companies in Global scale.

"We are thrilled to build on our partnership with one of the premier flavored water manufacturers’, the company has specific vision, and they are purpose-driven,” said Project Manager of Global Private Equity Partners. “The manufacturers’ strong platform of both online and retail distribution has proven to be a tremendous asset — especially in the current environment — and Global Private Equity Partners is pleased to continue to support the brand.”
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Source: EIN Presswire