WAAS - AquaVenture's Quench Acquires Pure Health Solutions For Market Expansion
Quick Take
Quench, an operating unit of AquaVenture Holdings Limited (WAAS), announced it has acquired Pure Health Solutions for $57.6 million.
Pure Health operates as a provider of office filtered water coolers and related products.
WAAS stock has avoided the stock market swoon in recent quarters and is nearing its 52-week high, so may be a relatively safe equity for investors seeking lower volatility.
Target Company
Lincolnshire, Illinois-based Pure Health was founded in 1996 to develop Pure Water Technology filters.
Management is headed by CEO Bob Tangredi, who has been with the