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Nestle sells Poland Spring to private equity firm

FRYEBURG, Maine — 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.

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