Sonnländer Holding GmbH, a subsidiary of Edeka Zentrale Stiftung & Co, has agreed to acquire mineral water company Wilhelmsthaler Mineralbrunnen from Hassia Mineralquelle GmbH & Co. KG for an undisclosed sum.
"In this way, we are strengthening our independence and flexibility to ensure the long-term supply of our merchants and consumers with products of high quality and at attractive prices," he added.
Built in 1978, the mineral water facility will be modernised in the coming months with new filling equipment and water resources.
Hamburg-based Sonnländer aims to operate two efficient mineral springs in the future and increase its presence in the mineral water segment.
Dirk Hinkel, managing partner of Hassia Group said, "Given the current conditions, we are required to regularly review our range of services and also take a close look at the economic viability of each location.
“In this context, we came to the conclusion that there is greater development potential for the Wilhelmsthaler Mineralbrunnen under the umbrella of the Edeka network."
The German retailer has permanently reduced the prices of more than 1,300 items across all product groups up to July of this year, a new study conducted by the company showed.