Business View Caribbean - June 2016 31
go with safe, bottled water. In addition, over the years,
hurricanes and weather events have rendered ground
water unsafe. So a lot of people relied on the bottled
water segment to help them through. Households got
into the habit of using bottled water and the industry
has grown tremendously.”
Peak’s purchase of Spike Industries a few years ago,
was done in an attempt to add some new products to
its portfolio – juice and beverage drinks made with wa-
ter purified by reverse osmosis, as opposed to natural
spring water. “One of the reasons we bought Spike,”
says Wong, “was because of the resources it had – it
was able to produce in quantity a purified water prod-
uct to go along with our spring water. Spike allowed us
to do that in a significant way. They were in business
for over twenty years. Wong adds that a current goal
of the company is to consolidate the two distribution
plants – one bottling sweet beverages and the other
