Jack Livingood and Dr. Lorin Broadbent purchased the inactive Park City Ice Water plant in August 2011 after the previous owners declared bankruptcy.
"We've already put in a water storage tank to even out the water flow, and we've been working on the processing line to get ready to package water," Livingood said. "We're trying to build a business that will be sustainable and will be good business for Oakley and Summit County."
The tank was completed last month and holds 50,000 gallons of water. The investors spent $300,000 for the improvement, said Oakley Mayor and County Auditor Blake Frazier.
Frazier added that future improvement plans include another building three times the size of the current one to increase the plant's production capacity.
The plant will still produce the vinyl pouches used by the Park City Ice Water company, but Livingood and Broadbent plan to introduce clear plastic water bottles into the line for a cheaper alternative.
"They'll produce the pouch, too, because there is a use for them, but they are kind of a high dollar item," Frazier said. "But the pouch is wonderful because you can go on a hike, then roll them up in your pocket and be done with them."
Plans are to begin production of the new artesian water line, rebranded Oakley Artesian Water, during the first quarter of 2013.
The artesian water dates back 18,000 years and runs 1,800 feet below the earth's surface, Livingood said.
"It's extraordinarily pure, untouched and very old water," Livingood said. "It tastes like premium mineral water -- very different from the water in Salt Lake. That's for sure."