Nestle Sells US Water Brands For $4.3 Billion USD

4 Mar 2021 by Local Press Report

The Swiss consumer conglomerate Nestlé has agreed to sell most of its North American bottled-water brands to two private-equity firms for $4.3bn, hoping to jump-start growth by focusing on a slimmed-down group of upscale, more on-trend brands. The world’s largest bottled-water maker said the sale of brands including Poland Spring, Arrowhead and Pure Life to private-equity firms One Rock Capital Partners LLC and Metropoulos & Co. would allow it to focus on premium brands Perrier, San Pellegrino and Acqua Panna.