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Nestle could sell U.S. water business, including Michigan operations

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Nestle could sell U.S. water business, including Michigan operations
Photo caption: Nestle Waters North America bottles the Ice Mountain brand of water in Michigan. Nestle Waters North America. Article by Corinne Gretler – Bloomberg.

Nestle SA said it’s considering a sale of its U.S. mass-market bottled water business as the world’s largest food company focuses the unit on premium hydrating products.

Nestle announced the “new strategic direction” Thursday, also pledging to make its global water portfolio carbon-neutral and replenish watersheds by 2025.

The strategic review of most of the North American business is expected to be completed early in 2021, Nestle said Thursday.

The Nestle Waters business in North America had sales of $3.6 billion of brands including Nestle Pure Life, Poland Spring and Ice Mountain. […]

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