Announced
Financials
Tags
water bottles
Water
Acquisition
Domestic
Pending
Single Bidder
Canada
Private
Majority
Friendly
Synopsis
Ice River Springs, a Canadian family-owned, private label bottled water producer for retailers and manufacturer, agreed to acquire Nestlé Pure Life bottled water business, from Nestlé Canada, a food & beverage company. Financial terms were not disclosed. "In late 2019, we began the exploration of a potential sale of our Nestlé Pure Life business in Canada, as we had determined that we are best positioned to focus on our iconic international brands of San Pellegrino, Perrier and Acqua Panna." Jeff Hamilton, Nestlé Canada President and CEO.
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