876 Spring Water to be acquired by GraceKennedy
KINGSTON, Jamaica — GraceKennedy has come to an agreement with Bliss Limited and UniBev Limited (UniBev) to acquire the 876 Spring Water brand.
876 Spring Water has been distributed by World Brands Limited (WBS), a GraceKennedy subsidiary, since it entered the market in 2017.
Commenting on the latest move from GraceKennedy, Group CEO, Don Wehby stated, “Brand acquisition is a key component of the growth strategy for our Foods Division. Since GK began partnering with UniBev to distribute 876, the brand has shown strong growth and we see opportunities to expand this even further through possible line extensions and the export market. We’re excited to be taking steps to grow our portfolio of products to provide a wider selection to our consumers.”
876 is marketed as an alkaline spring water (pH 8.2) bottled straight from the source in Jamaica’s Blue Mountains. Its natural mineral composition includes magnesium and calcium which contribute to bone and heart health. 876 is currently available in 330ml, 500ml, 1.5L and 5L sizes.
Under the acquisition agreement GraceKennedy said it will assume ownership of the 876 brand, while UniBev will continue to manufacture the product.
