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Nestle Sells U.S. Water Unit to One Rock for $4.3 Billion


Man Who Saved Pabst Comes to Rescue Nestle’s Ailing Water Brands
Bloomberg
2/17/2021
Corinne Gretler and Jeff Sutherland
© Bloomberg
Bottles of water move on the production line at the Nestle Waters Canada plant near Guelph, Ontario, Canada, on Friday, Jan. 16, 2015.
(Bloomberg) Nestle SA agreed to sell bottled-water brands in the U.S. and Canada to private-equity firm One Rock Capital Partners in a $4.3 billion deal that puts the future of the ailing business in the hands of the man who helped turn around Pabst Blue Ribbon and Hostess Twinkies.
Dean Metropoulos is joining up in One Rock’s purchase of the Nestle brands, which include Poland Spring, Pure Life and Deer Park. The billionaire investor is known for reviving worn-out products like Bumble Bee Tuna and Chef Boyardee. ....

United States , Jean Philippe Bertschy , Mark Schneider , Metropoulos Co , Bank Vontobel , Nestle Waters Canada , Bloomberg Bottles , One Rock Capital Partners , Lone Rock , Poland Spring , Pure Life , San Pellegrino , Acqua Panna , Chief Executive Officer Mark Schneider , Philippe Bertschy , North American , Dean Metropoulos , Hostess Twinkies , Pabst Blue Ribbon , Bumble Bee Tuna , ஒன்றுபட்டது மாநிலங்களில் , குறி ஶ்நைடர் , கூடு நீர் கனடா , ப்ளூம்பெர்க் பாட்டில்கள் , ஒன்று பாறை மூலதனம் கூட்டாளர்கள் , ஒன்று பாறை ,