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Nestle to sell its North American water products for $4 3 billion

Nestle to sell its North American water products for $4.3 billion 17 Feb 2021 Mark Schneider during Nestle’s event in Konolfingen, Switzerland. File/Reuters Nestle said on Wednesday it would sell Pure Life and some other struggling North American water brands to two private equity firms for $4.3 billion, as the food giant doubles down on its premium offerings including Perrier. The sale, to One Rock Capital Partners and Metropoulos & Co, includes brands such as Poland Spring, Deer Park, Ozarka, Ice Mountain, Zephyrhills, Arrowhead and Splash, as well as US office beverage delivery service ReadyRefresh. Perrier, S.Pellegrino and Acqua Panna, which contributed to the growth recovery of Nestle’s North American water business in the third quarter, are not part of the sale agreement, the company said.

Nestlé selling Zephyrhills spring water, other bottled brands for $4 3 billion

Nestlé selling Zephyrhills spring water, other bottled brands for $4.3 billion The water company, which sources from Crystal Springs, is being sold to a pair of investment firms.     Updated Feb. 17 Zephyrhills Natural Spring Water, a Pasco County brand that has pumped water from nearby Crystal Springs into bottles on store shelves throughout the Southeast, is being sold by parent company Nestlé as part of a $4.3 billion deal. Nestle is selling the bulk of its North American bottled water business to a pair of investment firms, One Rock Capital Partners and Metropoulos & Co. Among the water brands affected: Poland Spring, Deer Park, Ice Mountain, Arrowhead, Ozarka, Pure Life, Splash and ReadyRefresh.

Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

Nestle to sell North American water brands for US$4 3 billion, focus on premium lines

Nestle to sell North American water brands for US$4 3 billion, focus on premium lines
channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.

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