Refresh acquires Blackwood Gully Spring Water

Malaga-based spring water supplier Refresh Group Ltd has acquired Blackwood Gully Spring Water for an undisclosed sum.

Blackwood Gully Spring Water is a family-owned bottled water company in Melbourne which has been serving the home and office delivery market since 1997. Directors are Spiros and Niki Bafas.

"While we've built a successful premium spring water business in the Melbourne market over the years, we believe Refresh is better positioned to take business to the next level." Mr Bafas said.

Refresh will integrate Blackwood Gully into its existing pure water operations allowing customers the choice of natural spring water or pure distilled water for the home and office market.

Refresh commenced its Melbourne operations two years ago selling distilled water for domestic, commercial and industrial use.

Refresh Group executive chairman Henry Heng said acquiring Blackwood Gully Spring Water was part of an accelerated growth strategy for key markets such as Melbourne.

Refresh currently also sells spring water in the Brisbane market, and distilled water in Melbourne, Sydney, Brisbane, Toowoomba, Perth and Kalgoorlie.

Settlement is on 3 December 2007.