date:Feb 18, 2021
Nestl S.A. has agreed to sell its regional spring water brands, purified water business and beverage delivery service in the US and Canada to One Rock Capital Partners in partnership with Metropoulos Co for US$4.3 billion. Nestl wants to tap into consumer trends such as functional water while focusing on international premium brands, local natural mineral waters and high-quality healthy hydration products.
The companys international premium brands including Perrier, S.Pellegrino and Acqua Pann