Nestle To Sell North American Waters Brands In $4.3 Bln Deal
VEVEY (dpa-AFX) - Swiss food and beverage giant Nestle SA announced Tuesday its agreement to sell Nestlé Waters North America to One Rock Capital Partners LLC in partnership with Metropoulos & Co. for $4.3 billion.
The divesting businesses include its regional spring water brands, purified water business and beverage delivery service in the U.S. and Canada, which had sales of around 3.4 billion Swiss francs in 2019.
The sale includes Poland Spring, Deer Park, Ozarka, Ice Mountain, and Zephyrhills brands of 100% Natural Spring Water, Arrowhead Brand Mountain Spring Water, and Pure Life and Splash.