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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.
FRYEBURG, Maine â A crowd of about 100 people gathered in downtown Fryeburg last Saturday to sound the alarm that Nestle may sell Poland Spring to private equity firm One Rock Capital.
Nestle announced last June that Poland Spring was among its U.S. brands that could be sold off as part of a new direction for the international company.
Nestle S.A. is headquartered in Vevey, Vaud, Switzerland. According to statement released June 11, its board of directors approved a new strategic direction for its waters business that will focus on its iconic international brands while also seeking to improve the environment.