The Abu Dhabi-listed Agthia Group has acquired a 100% stake in UAE mineral water desalination company Riviere, a move which the company said will triple its household customer base and expand its network in the water and food segment with revenue growth of 6.5%.
Agthia, which will retain the existing brand, said the move will also allow the company to enter the mainstream segment by employing Riviere’s customer base in supplying water to offices and homes across the UAE.
Established in 2003, Riviere serves customers across Abu Dhabi, Al Ain, Dubai, and Sharjah, primarily in the mainstream segment. It operates three bottling facilities in Abu Dhabi and Dubai.
