Press Release : Nestle: Nestlé continues strategic transformation of water business, agrees on sale of Nestlé Waters North America brands
February 16, 2021 at 09:30 pm EST
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Vevey, Februrary 17, 2021
Nestlé continues strategic transformation of water business, agrees
on sale of Nestlé Waters North America brands
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. The
Company's international premium brands including Perrier(R),
S.Pellegrino(R) and Acqua Panna(R) are not a part of the deal. The
transaction is expected to close following the completion of customary
closing conditions.
The sale includes the following brands in the U.S. and Canada, which had
sales of around CHF 3.4 billion in 2019: Poland Spring(R) Brand 100%
Natural Spring Water, Deer Park(R) Brand 100% Natural Spring Water,
Ozarka(R) Brand 100% Natural Spring Water, Ice Mountain(R) Brand 100%
Natural Spring Water, Zephyrhills(R) Brand 100% Natural Spring Water,
Arrowhead(R) Brand Mountain Spring Water, Pure Life(R) and Splash. It
also comprises the U.S. direct-to-consumer and office beverage delivery
service ReadyRefresh(R).
The agreement follows Nestlé's announcement last year that it would
conduct a strategic review of parts of the North American waters
division and sharpen the focus of its global water portfolio.
Commenting on the transaction, Mark Schneider, Nestlé CEO, said:
"We continue to transform our global waters business to best position it
for long-term profitable growth. 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. We will also
boost our innovation and business development efforts to capture
emerging consumer trends, such as functional water."
Nestlé reiterated its commitment to make its entire water portfolio
carbon neutral by 2025. In 2020, Nestlé announced renewed
sustainability commitments which build on existing efforts to enhance
water stewardship and tackle plastic waste.
Contacts:
Media:
Christoph Meier Tel.: +41 21 924 2200
mediarelations@nestle.com
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Dana Stambaugh Tel.: +1 571 457 3803
dana.stambaugh@us.nestle.com
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Investors:
Luca Borlini Tel.: +41 21 924 3509
ir@nestle.com
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Nestlé S.A. is the world's leading agri-food group. Net sales break down by category of products as follows:
- powdered and liquid beverages (26.7%): soluble coffees (Nescafé and Starbucks brands), coffee in capsules (Nespresso), chocolate drinks (Nesquik, Milo, etc.), tea drinks (Nestea), etc.;
- pet food (20.3%): brands such as Purina, Friskies, Felix, etc.;
- pharmaceutical, nutrition and well-being products (16.4%): nutritional supplements (Resource, Boost, Nutren, Optifast, Peptamen brands, etc.), infant and maternal nutrition products (NAN, illuma, Cerelac, Nido, Gerber), ketogenic beverages (BrainXpert), (Nesquick, Fitness, Cheerios, Lion, etc.), etc.;
- ready meals and seasoning products (12.5%): frozen and chilled dishes (Lean Cuisine, Hot Pockets and Stouffer's brands), soups (Maggi), etc.;
- dairy products and ice cream (11.8%): powdered milk, sweetened condensed milk, yoghurt and cream desserts, ice cream (Nido, Nesvita, Carnation, La Laitière, Coffee Mate, Nestlé Ice Cream, Dreyers, Häagen-Dazs, Extrême brands, etc.);
- chocolates, sweets and biscuits (8.7%): Kit Kat, Smarties, Cailler, Terrafertil, etc. brands;
- bottled waters (3.6%): Nestlé Pure Life, Vittel, Perrier, S. Pellegrino, etc. brands.
Net sales are distributed geographically as follows: Switzerland (1.2%), France (3.8%), the United Kingdom (3.8%), Germany (2.4%), Europe (12.8%), the United States and Canada (35%), China (5.9%), Asia and Oceania (21.4%) and Latin America (13.7%).
NESTLÉ S.A. 
