Food and beverage company Agthia Group PJSC has acquired a 100 percent stake in Riviere Mineral Water Desalination & Filling Factory LLC (Riviere), one of the UAE’s largest players in the bottled water home and office services category and a strong brand in the mainstream segment.
With this strategic move, Agthia expands its household customer base, strengthening its leadership in the market and enhancing its operational capabilities. The acquisition expands Agthia’s Water & Food Segment, increasing the revenue by approximately 6.5 percent while marking the Group’s strategic entry into the mainstream segment.
As the demand for home water services is surging across the UAE, Reviere offers additional production capacity to support Agthia’s continued growth, ensuring uninterrupted service to a wider customer base.
The acquisition of Riviere is anticipated to be immediately accretive to Agthia’s earnings, delivering both short and long-term value through cost synergies, streamlined operations, and shared capabilities. Additionally, it will improve manufacturing and distribution efficiency while contributing to the expansion of the company’s footprint.
Riviere, established in 2003, now serves customers across Abu Dhabi, Al Ain, Dubai, and Sharjah, primarily in the mainstream segment. The company runs three bottling facilities in Abu Dhabi and Dubai and a fleet of over 160 delivery trucks.
With a workforce of more than 780 employees spanning production, logistics, and customer service, Reviere brings its expertise in the HOS sector that will complement Agthia’s operational capabilities, market expertise, and service excellence. Known for its strong customer loyalty and high service reliability, the Riviere brand has a robust presence in the mainstream segment.
Riviere’s existing management team will ensure a smooth transition, business continuity, and the realization of synergies throughout the integration period. Agthia will retain the Riviere brand, recognizing its strong market presence and established customer loyalty.
In line with Agthia’s broader growth strategy, this acquisition leverages the Group’s leadership in the water sector to drive long-term value creation. With a strong market foundation and deep industry expertise, Agthia is well-positioned to enhance operations and elevate customer offerings through this strategic expansion.
Alan Smith Chief Executive Officer – Agthia Group
“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 that, “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.”
Agthia remains committed to driving sustainable growth, enhancing operational efficiencies, and delivering long-term value to shareholders. With a strategic approach to expansion and portfolio optimization, the Group continues to explore opportunities, reinforcing its market position and fueling growth. As the Group implements its long-term strategy, it remains dedicated to developing a future-ready business that delivers sustainable, profitable growth.
