Nestle completed the acquisition of Essentia from First Bev.

Nestle USA, a multinational food and drink processing conglomerate corporation, completed the acquisition of Essentia Water, a premium functional water brand, from First Bev, a private equity firm focused exclusively on the beverage industry. Financial terms were not disclosed. “Essentia exemplifies the success that can be achieved through a strong vision and the expertise to execute on a winning strategy. We saw an opportunity to add real value and to partner with an outstanding executive team led by Ken Uptain, a smart and committed founder. We are excited and grateful for what Ken and his team were able to create with Essentia, and we look forward to its continued success with Nestle,” Bill Anderson, First Bev Founder.