Vending

One Rock Capital/Metropoulos to acquire Nestle Waters NA for $4.3B

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February 17, 2021

One Rock Capital Partners, LLC, in partnership with Metropoulos & Co., have agreed to purchase Nestlé Waters North America North America, from Nestlé S.A., according to a press release.

The purchase price was $4.3 billion, according to Reuters.

The transaction is expected to be completed in the Spring, at which time Dean Metropoulos will become the company's chairman and interim CEO.

Nestlé Waters North America portfolio of regional spring and national purified water brands includes Poland Spring Brand 100% Natural Spring Water, Deer Park Brand 100% Natural Spring Water, Ozarka Brand 100% Natural Spring Water, Ice Mountain Brand 100% Natural Spring Water, Zephyrhills Brand 100% Natural Spring Water and Arrowhead Brand Mountain Spring Water, as well as Pure Life and Splash.

Based in Stamford, Connecticut with approximately 7,000 employees in the U.S. and more than 230 in Canada, NWNA has 27 production facilities across North America and operates the direct-to-consumer and office beverage delivery service ReadyRefresh.

"One Rock brings to bear extensive corporate carve out and operational capabilities that we believe will be instrumental to NWNA's ongoing success as a standalone company," One Rock Managing Partner R. Scott Spielvogel said in the press release.

Dean Metropoulos, founder of his family-owned investment firm, is an industry veteran with a 40-year track record of transforming companies including food and beverage brands, such as Hostess Brands and Pabst Brewing Co.