Water advocates are demanding the exclusion of local wells in any sale of Nestlé’s North American water bottling portfolio, and instead return them to municipalities. This summer Nestlé announced it is considering the sale of most of its North American water bottling business. The intended sale of the Nestlé Pure Life business to Ice River Springs fell through last month because the transaction did not meet the Competition Bureau’s regulatory approval process.
Nestle sells Pure Life bottled water business as changes to Ontario groundwater rules loom
Nestle Canada Inc. says it is selling its Pure Life bottled water business to Ice River Springs as Ontario prepares to give its municipalities veto power over new water bottling permits. The sale for an undisclosed price is expected to close in the third quarter and is contingent on regulator approval. The sale includes two factories located in Puslinch, Ont., and Hope, B.C., along with a well in Erin, Ont.