Zip To Collaborate With Culligan
LONDON, July 4: Top provider of instant drinking water
appliances, Zip Industries, an Australian enterprise with a key existence in
the UK market, revealed that it will collaborate with Culligan International.
Culligan has entered into a contract to obtain 100% of Zip for an unrevealed sum.
The contract is anticipated to conclude in August 2017.
Zip has been producing and promoting Australian-conceived instant
boiling water appliances as well as filtered drinking water systems ever since
1947, and commenced functioning in the UK in 1991. The enterprise is concentrated
on the distribution of instant, boiling, chilled and glistening drinking water devices
in an ecologically responsive way. Zip hires some 700 people and Zip devices are
fitted in above 76 nations throughout the world.
John Doumani, Chief Executive of Zip, revealed: "We are
delighted to have been recognized by Culligan as an innovator in the global
market for boiling, chilled and sparkling instant drinking water appliances.”
He furthermore said, “Our innovation programme over recent
years has seen the successful launch of products such as the Zip HydroTap G4,
the Design Range and our range of Platinum finishes. We look forward to
continuing to drive innovation behind water quality, enhanced functionality,
energy efficiency and aesthetic appeal with the strong support of the Culligan team.
Furthermore, we are very excited at the prospect of accelerating the global
expansion of the Zip HydroTap by being part of Culligan, an iconic quality
water business with a strong presence across North America, Latin America,
Europe, Middle East and Asia."
Culligan is a worldwide frontrunner in domestic, workplace, business
and industrial water treatment with over 800 Culligan dealers in above 90 nations.
Zip's trade actions and footprint (concentrated on Australia, New Zealand and
the UK) are corresponding to Culligan's worldwide existence.
Scott Clawson, President and Chief Executive Officer of
Culligan International stated, “We’re thrilled to bring Zip into the Culligan
team. I believe these businesses are a great fit with a shared focus on water
purity, convenience, technology and innovation. By working together, we look
forward to exploring opportunities to expand Zip's product range, particularly the
HydroTap, into new markets internationally."
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