Auction Under Way for Nestle North American Waters

Oct. 16, 2020
Pure Life, Poland Spring, Deer Park, Ozarka, Ice Mountain, Zephyrhills and Arrowhead for sale; focus remains on Perrier, S.Pellegrino and Acqua Panna.

Nestle SA apparently has formally started the auction for its North American water brands, including Pure Life and Poland Spring, according to Reuters news service.

Quoting "four sources familiar with the matter," Reuters says the brands, which also include Deer Park, Ozarka, Ice Mountain, Zephyrhills and Arrowhead, could bring $3-5 billion, based on core earnings of around $600 million.

Nestle wants first-round bids by the end of October, according to one of the sources. Nestle announced in June its intentions to sell the commodity water brands but to retain higher-end, international and better performing water brands such as Perrier, S.Pellegrino and Acqua Panna.

Sponsored Recommendations

Troubleshoot: Grittiness in gluten free cookies

Learn how to adjust gluten free cookie recipes for a softer texture.

Clabber Girl: Rising Success

Uncover how Clabber Girl Corporation achieved a remarkable 7% growth and improved manufacturing efficiency by seamlessly integrating Vicinity's batch manufacturing solution with...

Intelligent Blends: Taking Technology to the Next Level

Find out how our friends at Intelligent Blends use VicinityFood and Microsoft Dynamics GP to produce the best coffee around.

Key ingredient: Mother Murphy's Laboratories

Flavorings manufacturer Mother Murphy’s Laboratories integrates front office with production facility — improving operations from initial order to final invoice.