Historic Water Bottling Company in Cantabria on the Brink of New Ownership

In a significant development for the region of Cantabria, Spain, the century-old water bottling company, Agua de Solares (Manantial de Fuencaliente S.A.), is nearing a change in ownership. The company, renowned for its high-quality water products, has been a staple in the region since its inception.

The Proposed Sale

The sale of Agua de Solares to the Grupo Fuertes, a prominent Spanish business group, is anticipated to be finalized in the coming months. This transaction is contingent on the segregation of the lands associated with the Manantial de Fuencaliente, a crucial step in the transfer process.

Historical Significance

Agua de Solares has a rich history, dating back over a century. Located in Cantabria, the company has been dedicated to the bottling and distribution of water from the Manantial de Fuencaliente. This natural spring has been a source of pristine water, making the company a trusted name in the region.

Grupo Fuertes: The New Owner

Grupo Fuertes, led by the entrepreneurial vision of Juan-Miguel Villar Mir, is a diversified business group with interests in various sectors including food, logistics, and real estate. The acquisition of Agua de Solares aligns with the group's strategy to expand its presence in the beverage industry and capitalize on the growing demand for high-quality water products.

Impact on the Region

The change in ownership is expected to have a positive impact on the local economy. Grupo Fuertes is known for its commitment to sustainability and community development, which could lead to investments in infrastructure and job creation in the Cantabria region.

Timeline

The sale is expected to be completed within the next month, pending the finalization of the land segregation process. This timeline suggests that the transition will be swift, ensuring minimal disruption to the company's operations and maintaining the high standards that Agua de Solares is known for.

As the deal nears completion, residents and expats in Cantabria are keenly watching the developments, hopeful that the new ownership will continue to uphold the tradition of quality and service that Agua de Solares has established over the years.