Nestlé SA has a deal to sell its North American bottled water business in the U.S. and Canada to private equity group One Rock Capital Partners and Metropoulos & Co.
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Nestle said it would sell its North American water brands to two private equity firms for $4.3 billion.
One Rock Capital Partners and Metropoulos & Co. will buy the brands, including Pure Life and Poland Spring.
Nestle s Perrier, S.Pellegrino, and Acqua Panna brands aren t part of the sale, it said.
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.