Thursday, February 18, 2021

Nestlé sold

The future of the Nestlé water business at Aberfoyle, south of Guelph and beside Highway 401, is once again in flux following the sale of Nestlé’ Waters North America to One Rock Capital Partners of New York.

Wellington Water Watchers organization wants the wells returned to the municipality and then given to Six Nations Grand River which claims ownership based on the Nafan Treaty of 1701.

The same organization persuaded municipal politicians to buy back a well Nestlé wanted to open north of Guelph.

One Rock Capital Partners and Metropoulos and Co. have formed a partnership to buy Nestlé Waters North America for $4.3 billion US. The deal includes a number of its brand names such as Perrier, S. Pellegrino and Acqua Pana.

The Aberfoyle well was previously sold to Ice River Springs, but the federal Bureau of Competition Policy nixed that deal.