One Rock Capital Partners LLC, through one of its affiliates, in partnership with Metropoulos & Co., has purchased Nestlé Waters North America, a provider of bottled water in North America, from Nestlé S.A. Dean Metropoulos will become the company’s chairman and interim chief executive officer.
“I am pleased to have the opportunity to lead NWNA as it enters the next phase of evolution,” Mr. Metropoulos commented. “This is an important inflection point for the business as it transitions to an independent company, and I look forward to collaborating with One Rock and NWNA’s management team to deliver unparalleled value to our customers.”
Tony W. Lee, managing partner of One Rock, commented, “Nestlé Waters North America’s iconic brands have earned the trust and preference of consumers everywhere due to an uncompromising commitment to quality. We are excited to further this commitment and build upon the market leadership of the business alongside the Company’s talented management team.”