Artesian Water Company, Inc. Closes On The Acquisition Of Town Of Clayton Water System
05/26/22, 8:16 PM
Industry
natural resources
Artesian Water Company, Inc., a subsidiary of Artesian Resources Corporation (Nasdaq: ARTNA), closed on the acquisition of the water system of the Town of Clayton, Delaware on May 26, 2022. The sale and transfer of assets from the Town of Clayton to Artesian Water Company was approved by the Delaware Public Service Commission on April 20, 2022.
Company Info
Company info
Artesian Resources Corporation operates as a holding company of wholly-owned subsidiaries offering water and 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 8.3 billion gallons of water per year through 1,368 miles of water main to nearly a third of Delaware residents.