Mountain Valley Spring Co. Plans to Go Public

by Arkansas Business Staff  on Monday, Dec. 5, 2011 9:11 am  

Mountain Valley Spring Co. of Hot Springs, a company that dates back 140 years, on Friday informed the Securities & Exchange Commission that it plans an initial public offering of stock.

Neither the number of shares nor the price per share has been determined, according to an announcement from CEO James B. Speed III, but Mountain Valley intends to trade on the Nasdaq Capital Market exchange under the ticker symbol WATR. The SEC filing is available here

Rodman & Renshaw LLC, a subsidiary of Rodman & Renshaw Capital Group Inc. will act as book-running manager for the offering.

Mountain Valley bottles and sells natural spring water from proprietary natural springs in central Arkansas. It also has its own plastic bottle manufacturing operation which makes bottles for third-party beverage companies as well as for bottling Mountain Valley Spring Water.

 

 

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