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NSRGY - Nestle Selling Poland Spring Deer Park Water Business for $4.3 Billion
Nestle SA ADR Reg Shs Ser B
Nestle (OTC: NSRGY) announced on Tuesday that it is selling its North American water business to One Rock Capital Partners and Metropoulos & Co. for $4.3 billion.
Brands being shed in the sale include Poland Spring, Deer Park, Ozarka, and Pure Life, along with four others. The deal also includes the ReadyRefresh beverage delivery service.
But Nestle will keep its premium water business, which comprises Perrier, San Pellegrino, and Acqua Panna.