Water advocates nervous as equity firms buy Nestlé bottled water
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...
Source: freep.com
