Who owns Devin?
Devin is owned by Spadel (Belgium, BRU: SPA), which has owned the brand since 2017.[1][2][3][4]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: The Spadel group continues to grow, with 2025 another very solid year, Spadel NV/SA, 31 March 2026. Last checked .
Key facts
- Current owner
- Spadel NV/SA reported
- Owned since
- Owner HQ
- 🇧🇪 Belgium
- Origin
- 🇧🇬 Bulgaria, Devin
- Category
- Beverages › Soft drinks › Bottled water
- Parent ticker
- BRU: SPA
- Last verified
- · 4 sources
About Devin
Devin is the leading bottled water in Bulgaria, rising from as deep as 700 metres to more than 1,300 metres of altitude in the Rhodope Mountains, inside a protected zone with no industrial activity for fifty kilometres around. Spadel bought it in 2017 and it is now the group's largest operation by headcount, with 551 employees and six production lines. It is marketed at active and sporting drinkers.
Ownership timeline of Devin
Where Devin sits in Spadel
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Spadel ownership tree →
See the full Spadel brand portfolio (6) →
Other brands owned by Spadel
Spadel controls 6 brands on Brandtree, 6 of them in beverages.
Also in beverages
- Bru
- Carola
- SPA
- Wattwiller
- ZYLA (2024)
Other brands in bottled water, and who owns them
Spadel has more brands in bottled water on Brandtree than any other owner: 5 of 123.
| Brand | Owner | Owner based in |
|---|---|---|
| Al Ain Water | Agthia | 🇦🇪 United Arab Emirates |
| Cachantún | CCU | 🇨🇱 Chile |
| Dasani | Coca-Cola | 🇺🇸 United States |
| Jamnica | Fortenova Group | 🇭🇷 Croatia |
| Ondrášovka | Kofola | 🇨🇿 Czech Republic |
| Aïn Atlas | Oulmès | 🇲🇦 Morocco |
| Garci | SFBT | 🇹🇳 Tunisia |
| Melgaço | Super Bock Group | 🇵🇹 Portugal |
About the owner: Spadel
Spadel is a publicly listed company headquartered in Belgium, founded in 1912. Brandtree records 6 brands under its control, and it is listed as BRU: SPA.
Spadel bottles natural mineral and spring waters and has stayed deliberately regional: instead of building one global brand it runs five springs and sells each under the name of the place it rises in. The business began in 1912 as the Compagnie Fermière des Eaux et des Bains de Spa, became Spa Monopole in 1921 and took the name Spadel in 1980, and has been directed by the du Bois family throughout. It reported consolidated sales of €399.5 million for 2025 and employed 1,416 people at the end of that year.
🇧🇬 Devin and other Bulgarian brands
Brandtree records a controlling owner for 20 brands that began in Bulgaria. 13 of them (65%) are now controlled by a company headquartered in another country, Devin among them.
- Angel's Estate — Maspex 🇵🇱
- Gorna Bania — Multi Group 🇦🇲
- A1 Bulgaria — América Móvil 🇲🇽
- Allergosan — Sopharma 🇧🇬
- Bulgaria Air — Bulgarian Airways Group 🇧🇬
- DSK Bank — OTP Bank 🇭🇺
Frequently asked questions
Who is the parent company of Devin?
The parent company of Devin is Spadel, a publicly listed company headquartered in Belgium.
Is Devin Bulgarian or Belgian?
Devin originated in Bulgaria, but it is owned today by Spadel, which is headquartered in Belgium. So Devin is a Bulgarian-origin brand under Belgian ownership.
Since when has Spadel owned Devin?
Spadel has owned Devin since 2017.
Is Devin still owned by Spadel?
Yes. As of 21 September 2026, Devin is still owned by Spadel. The ownership record was last checked against primary sources on that date.
Sources (4) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] The Spadel group continues to grow, with 2025 another very solid year — Spadel NV/SA, Official press release, published 31 March 2026; retrieved 21 September 2026.
- [2] Spadel — our history — Spadel NV/SA, Official document; retrieved 21 September 2026.
- [3] Spadel — our sources — Spadel NV/SA, Official document; retrieved 21 September 2026.
- [4] Spadel — our mineral water and natural drinks brands — Spadel NV/SA, Official document; retrieved 21 September 2026.
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