Portfolio revamp: Nestle’s headquarters in Vevey, Switzerland. Its bottled water sales in the United States have struggled to recover amid a decline in out-of-home dining during the pandemic. ─ Bloomberg
VEVEY: Nestle SA has agreed to sell its bottled-water business in the United States and Canada to private-equity firm One Rock Capital Partners for US$4.3bil as the food giant continues to revamp its portfolio.
The sale to One Rock, which is partnering with Metropoulos & Co, involves well-known brands including Poland Spring and Deer Park.
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