California-based Heckmann Corporation (Heckmann) has acquired China Water and Drinks (China Water) for US$625 million. While Heckmann is a US blank check company, China Water is a PRC licensed bottled water producer and distributor, which distributes to 14 provinces and regions across the country.
US firm goes into bottled water market in China
Heckmann acquired China Water to capitalise on the massive potential of the fragmented bottled water market
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