Crystal Rock Holdings, Inc. Buys Assets of Universal Business Equipment Corp.
30 Septembre 2013 - 10:00PM
Marketwired
Crystal Rock Holdings, Inc. Buys Assets of Universal Business
Equipment Corp.
Supports Strategic Growth of Sales & Business Operations
WATERTOWN, CT--(Marketwired - Sep 30, 2013) - Crystal Rock
Holdings, Inc. (NYSEMKT: CRVP) announced it has acquired the assets
of Universal Business Equipment Corp. and it will immediately
integrate the assets into Crystal Rock's daily business
operations.
"This opportunity further strengthens our customer experience
and overall business operations," stated Peter Baker, President
& CEO, Crystal Rock Holdings. "From technology to personnel,
we're adding jobs, bringing value to our shareholders and providing
customers with expert consultation and a premier service
experience."
Founded in 1930 and based in Bridgeport, Connecticut, Universal
Business Equipment Corp. provides products, services and expertise
in office supplies, break room facilities, furniture, printing,
technology and other business related services.
Crystal Rock will incorporate vehicles, route operations
personnel, customer service personnel, consumer data and
information systems resources into existing Crystal Rock operations
and facilities. New sales resources -- including more than 90
years of combined experience from the Universal Business Equipment
Corp. management team -- will integrate with existing sales
operations and be a catalyst for driving revenue growth.
In conjunction with Crystal Rock's reduced operating expenses
and growth of net income, the acquisition of Universal Business
Equipment Corp. fuels Crystal Rock's long-term objective of
supporting a more dynamic customer experience.
ABOUT CRYSTAL ROCK Crystal Rock Holdings, Inc. (NYSEMKT: CRVP),
operating through its subsidiary Crystal Rock LLC, markets and
distributes water, coffee, office supplies and other home and
office refreshment products throughout the Northeast. The
company is the largest independent home and office distributor of
its kind in the United States. It bottles and distributes
natural spring water under the Vermont Pure® brand, purified water
with minerals added under the Crystal Rock® Waters label and roasts
and packages coffee under its Cool Beans® brand. The majority
of its sales are derived from a route distribution system that
delivers water in 3- to 5-gallon reusable, recyclable bottles, and
coffee in fractional packs or pods. With a new identity and
the tagline, "Little Things Matter(SM)," Crystal Rock continues to
set high standards in the home and office refreshment industry
through technical innovation, a commitment to the environment, and
the integration of its family roots into relationships with
employees and customers. More information is available at
crystalrock.com.
Contacts: Peter Baker CEO 860-945-0661 Ext. 3001 Bruce MacDonald
CFO 802-658-9112 Ext.15
Crystal Rock Holdings Class A (AMEX:CRVP)
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