By Josh Beckerman

 

Nestlé USA acquired Essentia Water, which had sales of $192 million last year.

The Nestlé SA unit said the purchase of the ionized alkaline water company is part of its increased focus on international premium and mineral water and "healthy hydration products." Its brands include Perrier, San Pellegrino and Acqua Panna. The transaction price wasn't stated in a press release.

Last month, Nestlé said assets including its U.S. and Canadian regional spring water brands would be sold to One Rock Capital Partners in partnership with Metropoulos & Co.

Essentia's investors have included Castanea Partners.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

March 05, 2021 13:52 ET (18:52 GMT)

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