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2:00PM Water Cooler 5/13/2021 | naked capitalism

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Nestle's sale of Poland Spring to private investors closes

The sale of the Poland Spring water business is official, as of Thursday, but whether there will be any changes in Maine is not yet clear.
Nestle SA, which sold Poland Spring to private equity interests, had a one-line press release Thursday saying the deal had closed but offered no other information.
The deal, which was first announced in February, included 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. Dean Metropoulos serves as CEO of the company. ....

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