One Rock Capital Partners, in partnership with Metropoulos & Co., announced an agreement to acquire Nestlé Waters North America (NWNA).
The acquisition includes the portfolio of recognizable water brands including Poland Spring, Pure Life and more. The company also owns ReadyRefresh, a water delivery service.
“Nestlé Waters North America’s iconic brands have earned the trust and preference of consumers everywhere due to an uncompromising commitment to quality. We are excited to further this commitment and build upon the market leadership of the business alongside the Company’s talented management team,” says Tony W. Lee, managing partner of One Rock.
This investment is meant to accelerate growth for NWNA as a standalone company.
“This is an important inflection point for the business as it transitions to an independent company, and I look forward to collaborating with One Rock and NWNA’s management team to deliver unparalleled value to our customers,” says Dean Metropoulos, founder of Metropoulos & Co.
Nestle will continue to represent Perrier, S. Pellegrino and Acqua Panna