Swiss

Nestle sells North American spring water brands for US$4.3B

Nestle sells North American spring water brands for US$4.3B

Swiss food giant Nestle on Tuesday announced the sale of its regional spring water brands, plus two of its other North American efforts, to One Rock Capital Partners and Metropoulos & Co for US$4.3 billion. The sale includes five of the giant's spring water brands, including Poland Spring, three of its mountain water brands, its purified water business and its United States and Canada water delivery service, ReadyRefresh, according to a statement.