Artesian Water Company, Inc. Announces Closing On Water Assets Of Cantwell Water Company

NEWARK, Del., June 29, 2017 (GLOBE NEWSWIRE) -- 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 TaylorInvestor Relations(302) 453-6900ntaylor@artesianwater.com

Primary Logo

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX