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Jain Irrigation announces acquisition of Aquarius Brands Inc. USA
Jain Irrigation has acquired 100% control in Aquarius Brands, Inc. from Habasit Holding USA Inc. With this acquisition, Jain Irrigation becomes the second largest Low-Volume Irrigation Company in the world.
Jain Irrigation is a diversified company with more than 3,800 employees and market capitalization in excess of $600 Million. Jain Irrigation has pioneered drip irrigation for small farmers in India and has the major market share in one of the fastest growing irrigation markets in the world.
Aquarius Brands, Inc. is a leading manufacturer of Low-Volume Irrigation systems for Agriculture, Landscape and Nursery applications; the brands include Agricultural Products (API), PEPCO, and Acu-Drip. The Company has been providing Fittings, Filters, Air Vents, Tubing, Emitters and Accessories to the irrigation industry for over 35 years. The Company operates manufacturing facilities in Ontario and Fresno, California and Winter Haven, Florida. It has a network of more than 1000 dealers for product distribution. Managing Director of Jain Irrigation, Anil Jain said after closing the deal, “With this acquisition we have a firm foothold in one of the largest markets for the irrigation business and access to the latest technology for irrigation components”. He further added that “Jain Irrigation will now focus on the synergies of its operations in India and the USA, to offer the most diverse but integrated products and services in the irrigation business to customers all over the world”. This Acquisition has been made through Jain irrigation Inc, USA, a wholly owned subsidiary of Jain Irrigation Systems Ltd.
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