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Nestlé Waters North America and its controversial Ice Mountain bottled water operations in Michigan are being sold to a pair of New York private equity firms and that has water advocates who ve knocked heads with Nestlé for years, alleging environmental impacts from its water extraction, worried about what comes next.
One Rock Capital Partners LLC and Metropoulos & Co. this week announced an agreement to purchase Nestlé Waters North America, the U.S. and Canadian bottled water lines from Swiss-based Nestlé S.A., the largest food and drink company in the world, for a reported $4.3 billion.
Nestlé has come under fire for its taking of Michigan groundwater essentially for free more than 1 million gallons per day at its Ice Mountain bottled water operation in Mecosta and Osceola counties for nothing more than a $200-per-year state permit water that it then bottles and sells for profit. Nestlé officials have countered that they are far down the list of consumpti
The years-long saga surrounding Nestlé and its Michigan groundwater withdrawals comes to an end – in a way – as Nestlé withdraws from the situation, selling its North American water brands to another corporation.
Nestlé announced this week that it unloaded a number of U.S. and Canadian brands, including Poland Spring Brand 100 percent Natural Spring Water, Ice Mountain Brand 100 percent Natural Spring Water and Pure Life.
This article is part of The Great Lakes News Collaborative, which includes Bridge Michigan, Circle of Blue, Great Lakes Now at Detroit Public Television, and Michigan Radio. It unites newsroom resources to report on the most pressing threats to the Great Lakes and drinking water supplies, including pollution, climate change, and aging infrastructure. The independent journalism is supported by the Charles Stewart Mott Foundation.
Michigan water bottling assets part of Nestle $4.3B sale to NY firm
Updated Feb 17, 2021;
STANWOOD, MI Ice Mountain is changing hands.
One Rock Capital Partners, a New York private equity firm, has purchased the bottled water brand as part of a $4.3 billion acquisition of Nestle Waters North America (NWNA), the Swiss food and beverage giant’s U.S. bottled water division.
The deal, announced Wednesday, Feb. 17, includes all of Nestle’s assets in Michigan, including a massive bottling factory in Mecosta County and several high-capacity groundwater extraction wells that have been the focus of intense criticism in recent years.
Nestle cast the sale as an effort to refocus on premium brands such as Perrier, S.Pellegrino and other mineral and bottled water brands with flavoring or other additives.
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