Artesian Water Company, Inc. announces closing on water assets of Cantwell Water Company
June 29 2017 - 2:09PM
Artesian Resources Corporation (NASDAQ:ARTNA), a leading provider
of water, wastewater services and related services on the Delmarva
Peninsula, announced that today, its principal subsidiary, Artesian
Water Company, Inc., acquired the water assets of the Cantwell
Water Company of Odessa. The purchase leverages Artesian’s newly
expanded franchise area in southern New Castle County and allows
the 40 customers previously on the Cantwell system to benefit from
the efficiency of connection with Artesian’s source of supply from
the now fully-integrated system in New Castle County.
The Cantwell Water Company acquisition follows
Artesian’s recent acquisition of water assets in the nearby Town of
Odessa. Artesian’s system now extends water service to the
Veteran’s Watchmaker Initiative, Odessa Town Hall, Cantwell’s
Tavern, properties of the Historic Odessa Foundation and private
residences that can now enjoy the peace of mind of Artesian’s
assured supply and advanced technical expertise in the operation,
maintenance and treatment of public water systems. Artesian will
also provide water service to the Appoquinimink School District
Building and Appoquinimink Early Childhood Center, a transition
that will significantly improve water quality and reliability
assured by the multiple sources in Artesian’s regionalized
system.
“We value the trust and confidence our customers
have in our expertise operating and maintaining facilities that
protect and ensure the safety and quality of a precious resource.
Our success in ensuring superior service to our customers for over
110 years reflects our commitment to operational excellence and the
partnerships we have built along the way to ensure it,” said Dian
C. Taylor, Chair, President and CEO. “We are pleased to offer our
new customers in Cantwell and the surrounding community a reliable
source of safe, high-quality drinking water, as well as, the
accompanying efficiency of being interconnected to our
fully-integrated system in New Castle County,” said Taylor.
About Artesian
ResourcesArtesian Resources Corporation operates as a
holding company of wholly-owned subsidiaries offering water,
wastewater services and related services on the Delmarva Peninsula.
Artesian Water Company, the principal subsidiary, is the oldest and
largest regulated water utility on the Delmarva Peninsula and has
been providing water service since 1905. Artesian supplies
7.6 billion gallons of water per year through 1,260 miles of water
main to approximately 301,000 people.
Contact:
Nicki Taylor
Investor Relations
(302) 453-6900
ntaylor@artesianwater.com
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