Nestlé Waters
This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
|
Nestlé Waters is a Swiss multinational bottled water division of Nestlé it was founded in 1992.
| Type | Subsidiary |
|---|---|
| Industry | Drink |
| Founded | 1992 |
| Headquarters | Issy les Moulineaux, Paris, France |
Area served | Worldwide |
Key people | Maurizio Patarnello (CEO) |
| Products | Bottled water |
Number of employees | 31,740 (2015) |
| Parent | Nestlé |
Key Facts and figures (2015)
Nestlé Waters has roughly 31,740 employees and includes several brands such as Acqua Panna, San Pellegrino, Perrier, Vittel, Al Manhal and Buxton.[2]
History
1843: Henri Nestlé establishes his first lemonade and water bottling factory.
1866: Foundation of the Nestlé Group
1969: Acquisition of a 30% stake in the Société Générale des Eaux Minérales de Vittel in France
1974: Acquisition of the German Blaue Quellen group
1987: Nestlé S.A. takes a majority stake in Vittel and joins with Arrowhead
1992: Acquisition of the Source Perrier S.A. Source Perrier SA Group. Nestlé becomes the leading player on the world bottled water market[citation needed], under the name of Nestlé Sources International (NSI)
1996: NSI changes its name to accelerate its international development and becomes: Perrier Vittel S.A.
1998: Take-over of Italy's leading bottled water producer, Sanpellegrino S.p.A. and launch of Nestlé Pure Life, the first multi-site bottled water under the Nestlé Brand
2000: Simultaneous launch of Nestlé Aquarel, pan-European, multi-site spring water on six markets
2001: Acquisition by Perrier Vittel of Al Manhal, the leading bottled water company in Saudi Arabia which becomes the leading bottled water player in the Middle East region[citation needed]
2002: Perrier Vittel becomes Nestlé Waters CEO Leader
2003: Nestlé Waters acquires the Powwow Group
2005: Nestlé Waters further develops its business on the African continent via the launch of Nestlé Pure Life in Nigeria and the creation of a partnership in Algeria
2006: Nestlé Waters acquires the majority shares in Erikli and becomes the Turkish market leader.[citation needed]
2007: Nestlé Waters acquires Sources Minérales Henniez S.A. and becomes the Swiss leader in the bottled water market.[citation needed] Joint venture agreements signed in Mexico and Chile.
2008: Nestlé Pure Life, has become in just a decade the world's leading bottled water brand, with 5 billion liters sold worldwide.[citation needed]
2009: Nestlé Waters strengthens its presence in two key emerging countries: in Brazil by acquiring Àguas de Santa Barbara in the São Paulo region; and in China by acquiring Dashan Drinks, the leading bottled water player in Yunnan Province
In 2009, a U.S. report entitled "Tour D'Horizon with Nestle: Forget the Global Financial Crisis, the World Is Running out of Fresh Water" involved the departments of agriculture, commerce, energy and environment science and technology as a result of Nestle executives from Switzerland advising of their research. One of the main aspects asserts that a high meat-based diet uses water inefficiently, particularly for an increasing global population. Livestock feed on crops that require high amounts of water such corn and soy. High demand for water overall has already created a drain on underground aquifers and other natural fresh water sources worldwide. Nestle estimates that: “There is not nearly enough fresh water available to provide this standard to a global population expected to exceed 9 billion by mid-century.” The report points out the need to attend to where water is being flowed and asks for greater efficiency in its global delivery.[3]
Also in that same year of 2009, on April 23, during a Nestle Waters shareholders' meeting at the headquarters in Greenwich, Connecticut, a protest group arrived with the campaign of "Think Outside the Bottle" (from Corporate Accountability International, along with representatives from both Michigan Citizens for Water Conservation and Protecting Our Water and Wildlife Resources), claiming Nestle Waters, for the sake of increasing profits, overrode local rights to "community water resources" despite protective opposition. The campaign director Deborah Lapidus said, "These water grabs are having long-lasting impacts on ecosystems and water supplies long held in the public trust." she said. One of the specific cases the organization protested against was regarding when Nestle bypassed a 2006 Shapleigh, Maine ordinance that aimed to maintain local control over water resources by accessing the law through the state level. Nestle officials responded by giving a progress report on their intentions for transparency with labeling their water sources and locations.[4]
2012: Nestlé Waters establish a distribution agreement with Ambev in Brasil
2013:[5] - Official opening of the new factory in Buxton (United Kingdom) - New factory in Pocheon Edong (South Korea) with Pulmuone Waters - Acquisition of the Mineral water spring Vale do Sol in Brasil
2020: Nestlé Waters announced the planned sale of its Canadian water bottling division to Ice River Springs; the latter was expected to take over the Nestlé Pure Life brand and the ReadyRefresh delivery service.[6][7] The deal required regulatory approval which was not achieved in a timely manner; consequently, Nestle cancelled the deal in early September.[8]
2021: Nestlé announced on 16 February that it had agreed to sell its water brands to One Rock Capital Partners and Metropoulos & Co. The sale, expected to conclude in spring, would include the spring water and mountain brands in Canada and the US, the purified water brand and the delivery service. The plan did not include the Perrier, S.Pellegrino and Acqua Panna brands.[9][10] In early April 2021, the sale was concluded,[11] with its US operations now operating as BlueTriton Brands.
See also
References
- ^ Key-figures, “Facts & Figures 2016”, July, 2016
- ^ nestle-waters.com, “Our brands”
- ^ "The world already would be out of water if everyone ate like Americans". Reveal news. 2016-04-22. Retrieved 2016-11-17.
- ^ Juliano, Michael C. (24 April 2009). "Group Asks Nestle to Stop Water Grab".
- ^ nestle-waters.com, “About us”
- ^ Canada to offload Pure Life bottled water brand
- ^ Rubin, Josh (2 July 2020). "Environmentalists cheer as Nestle sells Canadian water business".
- ^ "Sale of Nestlé water bottling business to Ice River Springs falls through". Guelph Today. 2 September 2020. Retrieved 3 September 2020.
- ^ "One Rock and Metropoulos & Co. to acquire Nestlé Waters North America". CNBC. 17 February 2021. Retrieved 18 February 2021.
- ^ "Nestlé water-bottling operations sold to equity firm for $4.3 billion". CTV News. 17 February 2021. Retrieved 18 February 2021.
- ^ "Archeological Find Unearthed in Kitchener". Retrieved April 2, 2021.
The 4.3 billion U.S. dollar sale of Nestle Waters North America to One Rock Capital Partners LLC was announced in February and the sale closed on Wednesday