Beverage Industry

Icelandic Glacial receives $8 million in funding

November 9, 2010

Icelandic Water Holdings ehf, Ölfus, Iceland, raised an additional $8 million in equity funding from private investors to invest in its growing sales force in the United States and to strategically develop its Icelandic Glacial brand in new markets, including China.
 
This year, the company boosted its U.S. sales through a variety of agreements, including HMSHost, OTG Management, Squaw Valley USA ski resort, Food Lion, Bloom and Hilton Group Hotels. It also increased its global reach through new distribution agreements with beverage distributors in Russia and China.
 
Icelandic Glacial uses natural green energy in the form of geothermal and hydroelectric power to fuel production for its CarbonNeutral certified bottled spring water. Earlier this year, the company’s water source was declared certifiably sustainable by Zenith International.