Multinational food and drinks giant Nestle has reached an agreement to sell its Nestle Water North America business to One Rock Capital Partners in partnership with Metropoulos & Co. for $4.3 billion. The sale includes brands such as Poland Spring, Deer Park, Ozarka, Ice Mountains, Zephyrhills, Arrowhead and Spring. International premium brands including Perrier, S.Pellegrino, and Acqua Panna are not part of the deal. The movement is part of Nestle’s …
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Nestle Waters
Nestle Waters, a subsidiary of multinational giant Nestle, has announced the sale of its Canadian bottled water business Pure Life to Ice River Springs for an undisclosed sum. Ice River Springs is a Canadian family-owned private label bottled water manufacturer and producer of the Ice River Green brand. According to sources, this acquisition “fulfils a strategic ambition of Ice River Springs to expand the company’s offering in Canada beyond private …
Nestle, the food and drink multinational, and soft drink giants Coca-Cola have agreed to end their Nestea iced tea joint venture after 16 years, with the firms now seeking to follow different strategies in the ready-to-drink tea category. In 2001, Coca-Cola and Nestle joined forces to create Beverage Partners Worldwide, a beverage venture offering Nestea ready-to-drink tea in Canada and Europe. From January 2018, Coca-Cola will keep the license to …
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