UAE-based food and beverage company, Agthia Group, has acquired a 100% stake in bottled water business Riviere Mineral Water Desalination & Filling Factory.

The acquisition is said to triple Agthia’s household customer base, bolster its market leadership and enhance operational capabilities.

The deal expands Agthia’s Water & Food Segment, increasing its revenue by around 6.5% and providing entry into the mainstream bottled water segment. Riviere’s strong presence in the UAE, particularly across Abu Dhabi, Al Ain, Dubai and Sharjah, supports Agthia’s growth plans by enhancing production capacity and ensuring broader service coverage.

Riviere, established in 2003, operates three bottling facilities in Abu Dhabi and Dubai and a fleet of over 160 delivery trucks. The company employs over 780 people across production, logistics and customer service. Its existing management team will oversee a smooth transition, ensuring business continuity and realising synergies during integration.

Agthia’s acquisition of Riviere is expected to provide both short- and long-term value through cost synergies, improved operational efficiencies and expanded manufacturing and distribution capabilities.

Alan Smith, CEO of Agthia, commented: “Following strong growth in our water category in FY 2024, this acquisition of Riviere further strengthens our leadership in the UAE’s water sector, expanding our footprint and accelerating growth in the home and office services business".

"Entering the mainstream segment allows us to serve a broader customer base while driving operational efficiencies across our network. With our deep expertise and a proven track record of strategic execution, we are confident this move will unlock long-term value for our customers, stakeholders, and the broader market.”

Ali Moideen Kankayel, co-owner of Riviere, added: “For over two decades, Riviere has built a strong reputation in the UAE’s home water services sector, driven by our commitment to quality, service excellence, and customer trust. As we transition the business, we are confident that Agthia is the right partner to uphold this legacy and drive future growth."

"With Agthia’s leadership, scale, and operational expertise, Riviere is well-positioned to enhance customer offerings, accelerate growth, and strengthen its market presence. We look forward to working closely with Agthia during the transition period to ensure a seamless integration and continue delivering the trusted service Riviere’s customers rely on.”

The transaction is subject to customary closing conditions, including regulatory approvals.

Terms of the transaction were not disclosed.