March 6, 2021
Dive Brief: Nestlé acquired Essentia Water, a premium functional brand, for an undisclosed amount, the food and beverage giant said in a statement. Essentia, which makes ionized alkaline water, posted sales in 2020 of $192 million. Essentia is the leading alkaline water brand and the No. 1 selling bottled water in the natural channel, Nestlé said. The acquisition of Essentia comes just two weeks after Nestlé sold its North American bottled water business, including brands such as...