Quadrant acquires Australian water dispensing business
Quadrant Private Equity has acquired a majority stake in Zip Industries, an Australian developer of small-scale hot water systems capable of delivering boiling water instantly. Its signature product the Zip HydroTap is popular domestically and exported to more than 60 countries.
According to the Australian Financial Review, Quadrant will take an approximately two thirds stake in the business with the family of Michael Crouch, Zips executive chairman who is now in his 80s, retaining...
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