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OMAHA, Neb. - AMCON Distributing Company and privately-held Trinity Springs Ltd. announced today a strategic agreement whereby AMCON has agreed to acquire the brand name and substantially all of the assets of Trinity Springs Ltd.
Trinity Springs, headquartered in Sun Valley/Ketchum, Idaho, bottles and sells both natural spring and mineral water. The source of this water is located at the base of the Trinity Mountains in Paradise, Idaho. It is recognized as America's only Certified Source for natural purity by QAI (Quality Assurance International), the world's leading organic certifier.
"Trinity Springs is a unique and respected brand within the natural foods category and is an excellent strategic fit with our expanding portfolio of companies serving this growing market segment," William F. Wright, chairman and c.e.o. of AMCON, said. He also noted that this portfolio is well positioned to expand into broader categories of distribution, both domestically and internationally.
"The 31 stewards of the Trinity source are a critical part of this agreement. All are expected to continue in their present positions," Wright said.
Trinity Springs will continue as a separate newly formed subsidiary of AMCON.
The acquisition, which is expected to close in mid-May after necessary approvals, will be AMCON's second major purchase of a premium water bottling operation following its acquisition of Hawaiian Natural Water Company in December of 2001.
AMCON is a leading wholesale distributor of consumer products with distribution centers in Illinois, Missouri, Nebraska, North Dakota, South Dakota and Wyoming.