Nestlé to Sell North American Water Business for $4.3B
VEVEY, Switzerland â Nestlé S.A. has reached an agreement to sell its regional spring water brands, purified water business and beverage delivery service in the United States and Canada to One Rock Capital Partners in partnership with Metropoulos & Co. for $4.3 billion. Nestlé s international premium brands, which include Perrier, S.Pellegrino and Acqua Panna, are not part of the deal.
The transaction is expected to close following completion of customary closing conditions, the company said. We continue to transform our global waters business to best position it for long-term profitable growth. This sale enables us to create a more focused business around our international premium brands, local natural mineral waters and high-quality healthy hydration products, said Nestlé CEO Mark Schneider. We will also boost our innovation and business development efforts to capture emerging consumer trends, such
Nestle selling Poland Spring and its other North American bottled-water brands
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Nestle will sell North American bottled-water brands for $4 3B
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