Nestle Canada has announced an agreement to sell it’s Nestle Pure Life bottled water business to Ice River Springs. The sale is contingent on completion of the regulatory review process and the deal is expected to close later this year.
The acquisition of the Nestlé Pure Life branded business fulfills a strategic ambition of Ice River Springs to expand the company’s offering in Canada beyond private label. The sale includes two factories. The one in Puslinch, and another located in Hope, BC, along with a well in Erin.