Nestlé Pure Life is one of several brands owned by Nestlé Waters North America. (Getty Images/Dia Dipasupil)
Swiss food and drink giant Nestlé has agreed to sell a portfolio of North American bottled water brands to One Rock Capital Partners and Metropoulos & Co for $4.3 billion.
- Brands included in the sale are Pure Life, Poland Spring, Deer Park, Ozarka, Zephyrhills, Arrowhead, Ice Mountain and Splash. It will also sell its water delivery service ReadyRefresh.
- The deal—which does not include premium brands Perrier, San Pellegrino and Acqua Panna—is part of a strategic review launched by Nestlé last year. The multinational is looking to focus more on its international brands while making its entire water portfolio carbon neutral by 2025.
- Nestlé Waters North America employs 7,000 people in the US and over 230 in Canada. It has 27 production facilities across the region.