Sale of Nestlé Pure Life to Ice River Springs unsuccessful
September 3, 2020 By Ground Water Canada
North York, Ont. – Nestlé Canada and Ice River Springs announced they were not able to work through the competition bureau’s regulatory approval process within Nestlé’s set time frame to allow for a successful sale of the Nestlé Pure Life business in Canada to Ice River Springs.
The proposed agreement to sell the Nestlé Pure Life business in Canada, announced on July 2, was contingent upon efficient regulatory approval and if not achieved there was the potential that it would continue to be part the North American review announced on June 11, Nestlé said in a news release. The review will explore strategic options, including a possible sale, for the Nestlé Waters business in the U.S. and Canada.
The North American strategic review is expected to conclude by early 2021.
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