FRYEBURG, Maine â The sale of Poland Spring Brand Natural Spring Water, which gets water from springs around Fryeburg, to One Rock Capital Partners LLC and Metropoulos & Co. was announced March 31 as part of the private equity firms previously announced acquisition of Nestle Waters North America, including Poland Spring, from Nestle S.A.
According to Vending Times, Dean Metropoulos, an industry veteran with 40 years of experience operating and investing in food and beverage brands, has been appointed chairman and interim CEO of Nestle Waters North America.
Metropoulus & Co describes itself as a family-owned investment firm and is based in Greenwich, Conn.
Nestlé Waters North America Becomes BlueTriton Brands prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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NEW YORK, March 10, 2021 /PRNewswire/ One Rock Capital Partners, LLC ( One Rock ) today announced that it has successfully closed its third flagship private equity fund at its hard cap, with total capital commitments of $2.0 billion. One Rock Capital Partners III, LP ( Fund III ) marks One Rock s largest fund to date, having surpassed its target of $1.5 billion.
Formed in 2010 by Tony W. Lee and R. Scott Spielvogel, One Rock is a leading private equity firm with offices in New York and Los Angeles. The firm s experienced senior investment professional team collaborates with a deep bench of skilled Operating Partners to catalyze growth and operational improvement at select high-potential businesses. One Rock pursues control investments in companies across a variety of sectors, including manufacturing, chemicals, business services, and auto retail. The firm has developed particular expertise in complex transactions including corporate carve-o
One Rock Capital Partners Closes Fund III At $2 0 Billion Hard Cap apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Swiss food conglomerate Nestlé SA has agreed to sell several North American regional spring water brands, including Maine-based Poland Spring, to a pair of private equity firms for $4.3 billion.
The buyers are an affiliate of One Rock Capital Partners LLC, a New York-based investment firm focused on high-potential middle market businesses, and Metropoulos & Co., a family-owned backer of several food and beverage brands including Hostess Brands, Utz snacks, Pabst Brewing Co. beer and Ghirardelli Chocolates.
A spokesman for Nestlé was not immediately available to comment on interest from other potential suitors or when talks with that led to the transaction began. Coca-Cola Co. and PepsiCo Inc. had previously been cited by Bloomberg News as potential buyers for the brands.