Mike Montemarano, Associate Editor 03.08.21
Nestlé USA announced that it has acquired Essentia Water, a premium functional water brand headquartered in Bothell, Washington, which launched its ionized alkaline water more than 20 years ago and is now a leading brand in the space, with sales reaching $192 million in 2020.
Nestlé reports that the latest transaction is part of the company’s continued transformation of its global water business, which was announced in June 2020, and the company is now sharpening its portfolio to focus on international premium and mineral water brands and other healthy hydration products, such as functional water. This follows Nestlé’s agreement to sell U.S. and Canadian regional spring water brands, purified water business, and beverage delivery service.
“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,” Steve Presley, chairman and CEO of Nestlé USA, said. “We are excited to welcome the Essentia team to the Nestlé 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.”
Essentia now joins the brands Perrier, S. Pellegrino, and Acqua Panna as part of Nestlé’s premium waters portfolio.
Nestlé reports that the latest transaction is part of the company’s continued transformation of its global water business, which was announced in June 2020, and the company is now sharpening its portfolio to focus on international premium and mineral water brands and other healthy hydration products, such as functional water. This follows Nestlé’s agreement to sell U.S. and Canadian regional spring water brands, purified water business, and beverage delivery service.
“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,” Steve Presley, chairman and CEO of Nestlé USA, said. “We are excited to welcome the Essentia team to the Nestlé 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.”
Essentia now joins the brands Perrier, S. Pellegrino, and Acqua Panna as part of Nestlé’s premium waters portfolio.
