Nestlé sells US water unit to One Rock
The move reduces Nestle’s exposure to a unit that attracts criticism for polluting and using precious water reserves
17 February 2021 - 11:19
Tokyo/Zurich —Nestlé agreed to sell its bottled-water business in the US and Canada to private-equity firm One Rock Capital Partners for $4.3bn, allowing the world’s largest food maker to focus on faster-growing products.
The sale to One Rock, which is partnering with Metropoulos & Co, involves brands including Poland Spring, Pure Life and Deer Park. Nestle’s international premium waters including Perrier, San Pellegrino and Acqua Panna are not part of the deal...
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