Agthia Expands Through Strategic Acquisition of Riviere
Deal News | Mar 28, 2025 | EIN
Agthia Group PJSC, a leading food and beverage company in the United Arab Emirates, has announced its acquisition of Riviere Mineral Water Desalination & Filling Factory LLC. This major strategic acquisition allows Agthia to take a significant position in the mainstream water segment within the UAE. The company aims to serve a broader customer base, enhance operational efficiencies, and exert stronger market leadership. Riviere, which has been established in the UAE since 2003, operates three bottling facilities and maintains a large fleet across key regions, thus bringing substantial production and logistics capabilities to Agthia. The acquisition is expected to be immediately beneficial to earnings, promote cost synergies, and extend Agthia's operational leverage. Riviere's existing management team will remain with Agthia to aid in a smooth transition and leverage the brand’s strong customer loyalty. Agthia’s CEO, Alan Smith, expressed confidence that the acquisition would drive long-term value through operational efficiencies and strategic execution, aligning with the company's ongoing growth strategy.
Sectors
- Food and Beverage
- Bottled Water Industry
Geography
- United Arab Emirates – Both Agthia and Riviere operate primarily within the United Arab Emirates, making it the central geography related to this acquisition.
Industry
- Food and Beverage – Agthia is a leading company in the food and beverage sector in the Middle East, and they have expanded this role by acquiring Riviere.
- Bottled Water Industry – Riviere, the target company, is specifically involved in the bottled water and water services industry, and the acquisition enhances Agthia's leadership in this sector.
Financials
- 6.5% – Expected growth in Agthia's Water & Food Segment's revenue as a result of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Agthia Group PJSC | Acquirer | Company | A leading food and beverage company in the UAE that has acquired Riviere to expand its presence in the water sector. |
| Riviere Mineral Water Desalination & Filling Factory LLC | Target Company | Company | An established water services company in the UAE known for its strong customer loyalty in the mainstream segment. |
| Alan Smith | CEO | Person | Chief Executive Officer of Agthia Group PJSC, playing a key role in the strategic acquisition and expansion. |
| Ali Moideen Kankayel | Co-owner | Person | Co-owner of Riviere, who supports the transition and integration of Riviere under Agthia's leadership. |