By Reuters Staff
2 Min Read
FILE PHOTO: A Nestle logo is pictured on a coffee factory in Orbe, Switzerland May 31, 2018. REUTERS/Denis Balibouse
(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 U.S. 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.
(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
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.
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