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Nestle selling North American bottled-water brands for $4.3B
Brands including Poland Spring, Deer Park, Arrowhead and Pure Life will be sold to a subsidiary of One Rock Capital Partners in partnership with Metropoulos & Co.
Credit: AP Photo/Rogelio V. Solis Author: Associated Press Updated: 5:48 PM MST February 18, 2021
Global food giant Nestle is selling its bottled-water brands in North America for $4.3 billion to a pair of private-equity firms that hope to reinvigorate sales.
Brands including Poland Spring, Deer Park, Arrowhead, Ozarka, Zephyrhill and Pure Life will be sold to a subsidiary of One Rock Capital Partners and investment firm Metropoulos & Co. The deal, which is expected to close this spring, will create one of the largest beverage companies in the U.S.