Integumen, a personal health care company, agreed to acquire Modern Water, a water supply company, for $28m. "There has been significant collaboration between Integumen and Modern Water over the last months which has provided the Integumen Board with invaluable insight into the Modern Water business. The Integumen Board believes that a merger of the two businesses would be a natural next step and that there are exciting synergies and opportunities across the combined businesses in the areas of science, IT, distribution channels, global reach for supply chain, sales, marketing and distribution channels," Ross Andrews, Integumen Chairman.