Nestle hired hydro-geologists to investigate the water’s origin. They discovered that the source of Poland Spring is a former trash dump, below an illegal disposal site, and that human sewage has been used for years as fertilizer. After the investigation, Nestle agreed to pay a settlement that includes a $10 million donation to charity over 5 years. Despite this, Poland Spring continues to sell
Nestles Poilish Spring Water will be sold to a subsidiary of One Rock Capital Partners and investment firm Metropoulos & Co.
Global food giant Nestle is selling its bottled-water brands in North America for $4.3 billion to a pair of private-equity firms that hope to reinvigorate sales.
Brands including Poland Spring, Deer Park, Arrowhead, Ozarka, Zephyrhills and Pure Life will be sold to a subsidiary of One Rock Capital Partners and investment firm Metropoulos & Co. The deal, which is expected to close this spring, will create one of the largest beverage companies in the U.S.
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