Who owns Nestlé Waters North America?
One Rock Capital Partners LLC
The sale of Nestle Waters North America to One Rock Capital Partners LLC and Metropoulos & Co. was concluded for US$4.3 billion in early April 2021. On April 7, 2021, the company announced that it had changed its name to BlueTriton Brands, a reference to the Greek god Triton.
Has Nestlé Waters North America been sold?
Nestlé is selling its North American bottled water business, including brands such as Poland Spring, Deer Park and Pure Life, to private-equity firms One Rock Capital Partners and Metropoulos & Co. for $4.3 billion, the parties said in a statement.
Who distributes Nestle water?
2021: Nestlé announced on 16 February that it had agreed to sell its water brands to One Rock Capital Partners and Metropoulos & Co. The sale, expected to conclude in spring, would include the spring water and mountain brands in Canada and the US, the purified water brand and the delivery service.
What is Nestle Waters called now?
STAMFORD, CT — The company formerly known as Nestlé Waters North America today announced that it has begun operating under a new corporate name, BlueTriton Brands.
Why did Nestlé sell Nestlé Waters?
“This sale enables us to create a more focused business around our international premium brands, local natural mineral waters and high-quality healthy hydration products,” Chief Executive Officer Mark Schneider said in a statement.
Is Deer Park and Nestlé water the same?
Perrier Group of America Inc., the bottled water company which is a subsidiary of Nestle S.A., the giant Swiss food producer, bought Deer Park Spring Water, Inc in 1993.
Why is there a shortage of Nestlé water?
The climate crisis has brought on hotter, drier conditions – leaving the state more vulnerable water shortages and wildfires. Before its sale this year, Nestlé Waters North America was the largest bottled water company in the US – its brands include Poland Spring and Zephyrhills.
Is Nestlé water going out of business?
Vevey, Switzerland, Nestlé S.A. today announced that it has reached an agreement to sell its regional spring water brands, purified water business and beverage delivery service in the U.S. and Canada to One Rock Capital Partners in partnership with Metropoulos & Co. for USD 4.3 billion.
What happened to Nestlé Waters?
Nestlé Waters North America has now begun operating under a new corporate name – ‘BlueTriton Brands’ – following the completion of its acquisition by One Rock Capital Partners in partnership with Metropoulos & Co.
What is the Nestlé water scandal?
On Friday, California’s State Water Resources Control Board issued a draft Cease and Desist order against Nestlé, demanding that the beverage behemoth stop pumping millions of gallons of water from the San Bernardino National Forest, which it then peddles as bottled water under its Arrowhead brand.
Why did Nestlé water change their name?
In Greek mythology, Triton is the god of the sea: and the new name was chosen ‘to reflect the Company’s role as a guardian of sustainable resources and a provider of fresh water… and signify the Company’s continued commitment as an independent business to sustainability and high-quality products and services.
Does Nestlé brand steal water?
From 2018-2020 alone, Nestlé stole 173 million more gallons than it was permitted to do. Even as average Californians face restrictions amid the state’s second dry year in a row, BlueTriton is drawing upwards of 25 times as much water as is legal.
Is Nestlé water safe to drink?
Nestlé Pure Life Owned by Nestle SA (OTCMKTS:NSRGY), Nestlé Pure Life is a spring water, naturally rich in minerals and sodium. The water is cleaned and tested under strict conditions, and safe to drink.
Why should we avoid Nestlé water?
Child labor, unethical promotion, manipulating uneducated mothers, pollution, price fixing and mislabeling – those are not words you want to see associated with your company.
What was the Nestlé water scandal?
In California, home to Arrowhead brand spring water, Nestlé/BlueTriton received a draft cease and desist order to stop pumping water out of Strawberry Creek, because it was diverting water resources which flowed into the forests of San Bernardino, located east of Los Angeles. California’s Water Resources Control Board …