$ECGS Eco-Growth Strategies, Inc. Announces Merger Agreement to Acquire Hawaiian Springs Water in Hilo, HI
https://www.prnewswire.com/news-releases/eco-...99583.html
HONOLULU, March 12, 2025 /PRNewswire/ -- Eco-Growth Strategies, Inc. (OTC PINK: ECGS), a leading bottler specializing in purified and spring water, announced today that it has executed a merger agreement to acquire all assets of Hawaiian Springs Water Company (HSW). The plant is situated on approximately 7 acres of leased facilities near Hilo, HI. The main bottling facility is approximately 33,000 square feet, which includes warehousing. The plant facility also includes a solar farm (PV) providing an alternative power source to the existing power facilities. The acquisition, valued at $4.5 million, is contingent on successful due diligence and the company's planned uplisting to a senior exchange by the end of Q2 2025. ECGS is actively working to meet the necessary requirements to complete both the uplisting and the transaction.
Hawaiian Springs Water, founded over 20 years ago, is a well-established brand with a presence in approximately 20,000 locations across Hawaii and mainland USA. The brand generates approximately $4 million in annual revenue, with distribution in grocery and retail outlets as well as online platforms.
W.J. (Bill) Delgado, CEO of ECGS, stated, "This acquisition enhances our Hawaiian Isles Water brand by adding a premium spring water product sourced from the pristine lava rock formations of the Big Island. With strategic investment in plant infrastructure and bottling equipment, we anticipate increased demand and expanded market opportunities."
https://www.prnewswire.com/news-releases/eco-...99583.html
HONOLULU, March 12, 2025 /PRNewswire/ -- Eco-Growth Strategies, Inc. (OTC PINK: ECGS), a leading bottler specializing in purified and spring water, announced today that it has executed a merger agreement to acquire all assets of Hawaiian Springs Water Company (HSW). The plant is situated on approximately 7 acres of leased facilities near Hilo, HI. The main bottling facility is approximately 33,000 square feet, which includes warehousing. The plant facility also includes a solar farm (PV) providing an alternative power source to the existing power facilities. The acquisition, valued at $4.5 million, is contingent on successful due diligence and the company's planned uplisting to a senior exchange by the end of Q2 2025. ECGS is actively working to meet the necessary requirements to complete both the uplisting and the transaction.
Hawaiian Springs Water, founded over 20 years ago, is a well-established brand with a presence in approximately 20,000 locations across Hawaii and mainland USA. The brand generates approximately $4 million in annual revenue, with distribution in grocery and retail outlets as well as online platforms.
W.J. (Bill) Delgado, CEO of ECGS, stated, "This acquisition enhances our Hawaiian Isles Water brand by adding a premium spring water product sourced from the pristine lava rock formations of the Big Island. With strategic investment in plant infrastructure and bottling equipment, we anticipate increased demand and expanded market opportunities."
