Mountain Valley Spring Water of Hot Springs has been acquired for an undisclosed price by an investment group led by Great Range Capital of Kansas City, the company announced Tuesday.
Mountain Valley recently announced the addition of 40 new workers and a 38 percent revenue jump over the last year. As recently as last year, it was considering going public.
“Mountain Valley has an impressive and treasured heritage of providing consumers the finest spring and sparkling spring water,” Mountain Valley CEO Breck Speed said in a news release. “Our partnership with Great Range Capital positions us well for continued growth and success. We now have an even greater ability to deliver the high quality products and services our customers have come to expect from Mountain Valley.”
Speed was not available for further comment Tuesday afternoon.
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