Strategic Acquisition Expands AJI’s Impact on Water Quality
New York City, N.Y., November 1, 2024 – Axel Johnson Inc. (AJI) announces today that it has acquired La Fântâna S.R.L., a market-leading water solution provider in Central and Eastern Europe. The acquisition aligns with AJI’s long-term growth initiatives, expands the Water Quality family of businesses within the group, and further increases exposure to high-growth market segments. Specifically, La Fântâna will become part of AJI’s Kinetico Inc., expanding the water business into new products, services, and geographies.
La Fântâna, founded in 2000 by Cristian Amza, is a leading provider of water and coffee solutions for the com- mercial, office, and residential markets. La Fântâna operates today in Romania and Serbia with 1,000 employees, owned water sources, bottling plants, and service centers that allow the company to serve the entire business value chain and offer its clients the highest standards in terms of products and services.
“The agreement will bring together companies with a common culture and complementary expertise in offering products and services in the Water Quality industry to a broad set of clients in the commercial, office, and res- idential space. I am excited about expanding Axel Johnson’s family of businesses and accelerating the positive societal impact of our family of companies in a sector as critical as water,” said AJI’s President and CEO Sara Greenstein.
“La Fântâna is a well-run company with strong leadership and a professional, dedicated workforce. We look forward to leveraging the shared capabilities of both La Fântâna and Kinetico to deliver better solutions to a broad set of customers and unlock growth in key markets,” noted Ana Garcia, CEO of Kinetico.
“Joining the AJI family is a major and exciting leap forward for La Fântâna, for its customers, employees, and stakeholders; one of the most important in its 24 years of existence. Not only because it puts the company in a position to leverage highly unique and valuable know-how from a strategic investor, particularly in our ground- breaking water treatment solutions and systems, but also because it helps consolidate La Fântâna’s leading market position and enhance our vision for the future,” said Cristian Amza, CEO of La Fântâna.
About AJI:
Axel Johnson Inc. owns and operates a diversified group of companies that provides highly engineered products and services to a wide set of industries; we are a positive force of change in society by developing and operating great businesses with a long-term investment horizon. Our businesses enhance people’s lives, creating a safer, healthier, and more sustainable world. Go to www.axeljohnson.com for more information.
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