ROXBURY, NJ - Roxbury Water Company, a family business that started in 1954 and currently serves nearly 3,900 homes and businesses in Roxbury, has agreed to be purchased by another entity, it was announced this week.
The Succasunna-based company signed an agreement to be acquired by New Jersey American Water, a subsidiary of American Water, that has about 2.7 million customers, said the announcement.
“We are looking forward to welcoming residents served by Roxbury Water to our family of customers,” said Deb Degillio, president of New Jersey American Water. “Our staff is committed to ensuring a smooth transition and providing the same great level of quality and service that we provide to our customers throughout the state.”
Roxbury Water Company, owned by the families of the late John Grabovetz, the late George Grabovetz and the late Paul Dunajchuk, has been led by John "Jack" Hosking as president for the past 15 years. Hosking said he is confident New Jersey American Water will be a good provider for Roxbury customers.
“I am pleased to be transitioning our family business to New Jersey American Water,” said Hosking. “My family is very proud of the quality and service we have provided to our customers for more than 60 years and it gives me peace of mind to know we are leaving our life’s work in their expert and caring hands.”
In a statement, New Jersey American Water said the purchase will not only enlarge its customer base, but will also "help strengthen New Jersey American Water’s ability to provide water in the water scarce Highlands Region."
Terms of the sale were not disclosed. "We expect the sale to be completed around the end of the year, following approval by the New Jersey Board of Public Utilities," said Roxbury Water Company in a statement. "Once the sale is final, New Jersey American Water is committed to ensuring a smooth transition and to providing the same great level of quality and service that they provide to all of their customers throughout the state."