Nestlé Canada Inc. has agreed to sell its Nestlé Pure Life bottled water business to Ice River Springs, a Canadian family-owned, private label bottled water producer for retailers and the manufacturer of the Ice River Green brand of bottled water. The sale includes factories located in Puslinch, Ontario and Hope, British Columbia, in addition to a well in Erin, Ontario. Contingent upon the completion of the regulatory review process, the transaction is expected to close in the third quarter of this year.
Nestlé Canada Inc. Selling Pure Life Bottled Water Business
Move will allow the company to focus on its international water brands San Pellegrino, Perrier, and Acqua Panna.
Jul 1st, 2020
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