New York City-based One Rock Capital Partners LLC in partnership with Metropoulos & Co. today announced the completion of the previously publicized $4.3 billion acquisition of Nestlé Waters North America.
Poland Spring, Splash, Arrowhead and Pure Life, Deer Park, Ozarka and Zephyrhills are some of the brands in the NWNA bottled water family.
With the completion of the transaction, Dean Metropoulos, who boasts 40 years of experience operating and investing in successful food and beverage brands, has been appointed chairman and interim chief executive officer of NWNA.
NWNA consists of the former U.S. and Canadian operations of Nestlé Waters and offers an extensive portfolio of highly recognizable, responsibly sourced and sustainably packaged regional spring water and national purified water brands.
Continuing a longstanding commitment to environmental leadership, NWNA has 27 production facilities across North America, 16 of which are Alliance for Water Stewardship certified across 15 sites, with five of the certified facilities being AWS Platinum, the highest-level certification.
The company also operates the direct-to-consumer and office beverage delivery service ReadyRefresh, a certified Carbon Neutral business.
Latham & Watkins LLP acted as legal counsel to One Rock, and BofA Securities Inc. and RBC Capital Markets LLC acted as its financial advisors. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to Metropoulos & Co. with respect to the transaction.
