ARLINGTON, Va. — Nestle USA has acquired premium functional water brand Essentia Water.
The Bothell, Wash.-based water company pioneered ionized alkaline water more than 20 years ago and is a leading brand in that space in the United States, according to Nestle USA. Essentia uses a proprietary process to ionize water, delivering a pH of 9.5 or higher.
"With the addition of Essentia we continue to transform and best position our water business for long-term profitable growth here in the U.S. and globally," said Steve Presley, chairman and CEO of Nestle USA. "We are excited to welcome the Essentia team to the Nestle family as we expand our premium water portfolio. Essentia gives us an immediate strong presence in the high-growth, functional water segment and supports our efforts to capture opportunities with emerging consumer trends such as healthy hydration."
Essential will join Nestle USA’s portfolio of brands that includes Perrier, S.Pellegrino, San Pellegrino and Acqua Panna. The company said it is shifting its focus to international brands and more functional water products, highlighted by Nestle selling most of its Nestle Waters North America (NWNA) business, excluding its international brands.
Nestle S.A. announced in February it sold its U.S. and Canadian regional spring water brands, purified water business and beverage delivery service for $4.3 billion to One Rock Capital Partners LLC in partnership with Metropoulos & Co. The sale is expected to close this spring.
Nestle is based in Vevey, Switzerland, with U.S. headquarters in Arlington, Va.
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