Nestlé USA Acquires Essentia Water from First Bev
March 9, 2021
Nestlé USA has acquired Essentia Water, the premium alkaline/functional bottled water brand, from private equity firm First Bev. Terms were not disclosed; First Bev praised the brand’s growth under its ownership and founder Ken Uptain for building a strong consumer platform. Nestlé said the deal expands its presence in the premium functional water segment.
- Buyers
- Nestlé USA
- Targets
- Essentia Water
- Sellers
- First Bev
- Industry
- Food & Beverage
- Location
- Washington, United States
- Transaction Type
- Buyout
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