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Swiss CPG giant Nestlé is selling its North American water brands along with beverage delivery service ReadyRefresh to investment firms One Rock Capital Partners and Metropoulos & Co. for $4.3 billion.
Top line
In addition to ReadyRefresh, the sale encompasses eight water brands, including Poland Spring, Deer Park, Ozarka and Arrowhead, which generated sales of $3.8 billion in 2019 according to Nestlé.
Between the lines
The deal follows an internal review from last year where Nestlé sought to “sharpen the focus of its global water portfolio.”
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