FRYEBURG, Maine — The sale of Poland Spring Brand Natural Spring Water, which gets water from springs around Fryeburg, to One Rock Capital Partners LLC and Metropoulos & Co. was announced March 31 as part of the private equity firms' previously announced acquisition of Nestle Waters North America, including Poland Spring, from Nestle S.A.
According to Vending Times, Dean Metropoulos, an industry veteran with 40 years of experience operating and investing in food and beverage brands, has been appointed chairman and interim CEO of Nestle Waters North America.
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(1) comment
"We support causes and organizations across the state that are important to Mainers and align with our business values. The acquisition has just been completed, and our leadership teams are working together to shape our forward-looking strategy.
"There are still a lot of details to be finalized, and we will provide relevant information as it is available. In the meantime, we remain focused on our current operations, including our commitment to the communities where we live and operate. The company’s new owners will continue to support our commitment to investing in and partnering with local communities.”
Wow, talk about "Corporate Speak". The art of saying a lot while saying nothing. Did their PR Department come up with this.
I don't trust them already... We need to keep a very close eye on this.
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