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Nestlé S.A. wants to divest North America water business
June 12, 2020
Nestlé S.A. is exploring divesting its North America water business as part of a new strategic direction, according to a press release. The company will sharpen its focus on its iconic international brands, its leading premium mineral water brands, and invest in differentiated healthy hydration, such as functional water products.
The board confirmed its intent to explore strategic acquisitions to grow in this category, while pledging to make its entire global water portfolio carbon neutral and replenish associated watersheds by 2025.
The board concluded that its regional spring water brands, purified water business and beverage delivery service at its Nestlé Waters North America unit lie outside this focus. As a result, the company has decided to explore strategic options, including a potential sale for the majority of the Nestlé Waters business in North America, excluding its international brands. This review is expected to be completed by early 2021.
