Nestlé selling some of its operations
Feb. 17, 2021
Nestlé Waters selling some of its operations
Nestlé S.A., the parent company of Nestlé Waters North America, has announced it has reached an agreement to sell its regional spring water brands, purified water business and beverage delivery service in the United States and Canada to One Rock Capital Partners in partnership with Metropoulos & Co. for $4.3 billion.
The transaction, which includes the McBee bottling plant, is expected to close in the spring of this year after the completion of customary regulatory approvals.
“We appreciate the many organizations across the country with whom we have been proud to collaborate on a variety of important community initiatives,” said Brent Keener, Nestlé plant manager of the McBee facility, which employs about 55 people who produce the affected water brands of Deer Park and Nestlé Pure Life. “For the immediate future, we will continue to largely operate business as usual, and please be assured, we are committed to remaining a strong supporter of the communities where we live and work.”
In June 2020, Nestlé began a strategic review of parts of the North American waters business, including the possible sale of NWNA’s operations in the United States and Canada.
More information will be posted to Breaking News as details become available.
Read the full account in the Feb. 24 issue of The Link.