Formosa Springs relaunches under new ownership
Formosa Springs, a Canadian mineral water brand, has relaunched under new ownership following an acquisition led by wellness entrepreneur Nicholas Reichenbach.
Through the acquisition, Formosa Springs has been “reimagined as a modern wellness and hydration brand,” states a press release.
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The brand’s initial product line will include still and sparkling mineral water in 750ml glass bottles and 355ml slim cans, with further category expansion in progress.
It will launch with a direct-to-consumer subscription platform in April 2026, offering white-glove delivery, a membership loyalty program and early access to new products.
Formosa Springs also plans to expand across major Canadian retail channels in May 2026, including food, drug, mass, hospitality and on-premise distribution. Expansion into U.S. natural grocery and wellness retail channels is planned for later in 2026.
The North American bottled water market is now estimated at more than US$109 billion, the water brand reports.
“As the category remains heavily reliant on internationally sourced imports, Formosa Springs re-enters the market with water drawn from one of North America’s oldest natural springs, offering a rare, domestically sourced alternative grounded in history and continuity,” states the release.
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Formosa Springs currently operates a 44,000-sq.-ft. beverage manufacturing facility in Formosa, Ont.
The facility has a glass bottling capacity of more than 100 million units annually as well as co-packing and contract manufacturing capabilities for both non-alcoholic and alcoholic beverage partnerships.
Future developments include an aluminum canning capacity expected to exceed 100 million cans per year.
For Reichenbach, the relaunch has a personal connection. In the early 1980s, his father, Joseph, founded the Formosa Spring Water Company alongside the original Heisz family.
“This is a personal and family homecoming,” said Reichenbach in the release. “I am honoured to carry forward a 155-year legacy and reintroduce Formosa Springs as the next great premium mineral water brand for Canada and the United States. We are building this company for the next century, with uncompromising purity and deep respect for where the story began. That is generational wellness.”
