Nestlé said it would explore options, including a sale of its regional spring water brands, purified water business and beverage delivery service in the U.S. and Canada and instead focus on high-growth areas like functional water. Copyright © 2020 MarketWatch, Inc. All rights reserved. Historical and current end-of-day data provided by FACTSET. The company also pledged to address environmental concerns, saying it would halve its use of virgin plastic -- derived from fossil fuels -- by 2025. All rights reserved. Scanga cited federal studies of the valley’s wells that measured underground water supplies. PepsiCo Opens Micro-Fulfillment Center Near Chicago. Will c-store sales and profit streaks overcome the forces of change? “That doesn’t mean we should be asleep at the wheel, so to say. Browse our spring, purified, mineral, flavored and sparkling water brands. As part of its broader efforts to drive a circular economy, Nestlé Waters is committing to halve its use of virgin plastic by using more recycled PET and supporting the roll out of alternative delivery systems. 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Bomer also pointed to the fact that almost all of Colorado is locked in a drought for the first time since 2013 and the Upper Arkansas River Conservancy District secures water for its deal with Nestlé from parched Western Slope. mineral, vitamin, caffeinated) water. Other county officials suggested the company fund a recycling program that would distribute recycling bins for water bottles around the county. New data indicates that 2020 investment in AgriFood tech has already exceeded 2019's record-breaking totals. Calling a potential sale “a much more impactful issue now” than it was a decade ago, Felt worries that a deep-pocketed private equity company could take ownership and elevate profits over agreements with the community. Tyson Announces Facilities Expanson in China, Thailand and Netherlands. Commissioner Greg Felt expressed concern over the possible transfer of the permit should the company sell its North American operations. The portfolio includes 48 water brands and a tea brand across five continents. “So it’s a different type of investment and relationship, potentially, with someone else.”. In August, North Florida’s Suwannee River Water Management District delayed a decision on Seven Springs’ permit renewal application. Nestlé Waters funded science education endowments in 2009, giving $250,000 to the Buena Vista Education Assistance Fund and $250,000 to Support Our Schools Salida, both of which award scholarships to local students entering college to study science and offer funding for school programs. Its international brands—including Perrier, S.Pellegrino and Acqua Panna—have been “timeless performers” in the waters portfolio, Nestle said. Let us know your concerns. “A lot has changed over the last 11 years,” Chaffee County Commissioner Rusty Granzella said as he questioned Nestlé officials during a nearly seven-hour meeting Tuesday night. Nestle Waters North America business, excluding international brands, took in sales of about $3.4 billion in 2019. But as the commissioners heard in a three marathon meetings last week, 2020 is a lot different than 2009. The latest information on products and trends in the convenience-store and foodservice industries. At Nestlé Waters North America, we are committed to helping the communities in which we operate thrive and become more resilient. Other speakers on Thursday wondered what would happen if Nestlé left and sold the land, potentially to a developer who could add homes that might have a larger impact on the aquifer and community. Apart from Poland Spring and Pure Life, the North America arm also includes brands like Arrowhead, Deer Park, Ozarka, Ice Mountain and Zephyrhills. "This strategy offers the best opportunity for long-term profitable growth in the category, while appealing to environmentally and health-conscious consumers," Chief Executive Mark Schneider said. Local implications of international deal. undefined. The company will instead focus on upscale and international brands like San Pellegrino and Perrier, as well as functional water, like caffeinated water, which together make up about 20% of its North America sales. Nestlé Waters Becomes First Food and Beverage Company in the World to Earn Platinum Rating under the Alliance for Water Stewardship Standard, Nestlé Waters North America expands use of 100% recycled plastic for Ozarka, Deer Park and Zephyrhills, Doubles rPET Use across U.S. (Jason Blevins, The Colorado Sun), Primary category in which blog post is published, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Skype (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on LinkedIn (Opens in new window), How to submit an opinion piece to The Sun, Learn more about Civil’s Credibility Indicators, Unbottle and Protect Chaffee County Water, wants to extract 1.2 million gallons of water a day, Reuters reported Nestlé had started the sale, in a drought for the first time since 2013, Former Tuskegee Airman Frank Macon dies at 97 in Colorado Springs, Defiant Colorado restaurants could lose licenses, Gov. Nestlé Waters embraces the role it has to play in helping to forge a sustainable future for human beings and the planet. And Nestlé is about to sell its North American water brands. The commissioners are expected to issue a final decision on the Nestlé permit application in the coming weeks. Intraday Data provided by FACTSET and subject to terms of use. Tesla Inc. undefined is recalling more than 9,000 Model Y and Model X vehicles over issues with bolts and, in the case of the Model X SUV, a roof trim that could detach over time, potentially causing accidents or creating a road hazard. “I don’t believe we have a water problem in Chaffee County. Michigan Department of Environmental Quality, SUBSCRIBE TO MIBIZ TODAY FOR WEST MICHIGAN’S FINEST BUSINESS NEWS REPORTING, Founders temporarily lays of 89 workers, citing state restrictions on indoor dining, Albion-based Caster Concepts acquires Southern California casters manufacturer. U.S. Rep. Harley Rouda of California and Michigan’s Rep. Rashida Tlaib said their subcommittee of the House’s Committee on Oversight and Reform “is concerned that Nestlé is taking a critical public resource from communities in need without equitably reinvesting in those communities and ensuring long-term sustainability.”. Nestlé is one of the pioneers in the global water business and remains committed to healthy hydration. This strategy offers the best opportunity for long-term profitable growth in the category, while appealing to environmentally and health-conscious consumers. The company will sharpen its focus on its iconic international brands, its premium mineral water brands and invest in differentiated healthy hydration, such as functional water products. Nestlé Waters North America increases Propane Autogas Fleet with 155 new delivery trucks, expanding their use in more ReadyRefreshSM by Nestlé® delivery service areas. County housing officials at Tuesday’s meeting recognized the challenge of hiring local workers, which is tied to the lack of affordable housing in the county. Ahold Delhaize Acquires Online Grocer FreshDirect. Sign up to receive texts from CSP on news and insights that matter to your brand. Do not sell my personal infoPrivacy PolicyContact UsRSS, Nestle Considering Sale of Most of Its Nestle Waters North America Business, Company to instead focus on international brands, Sheetz to Launch Project Happy Hole-idayz Brew, Boost Coffee Sales with Speed, Variety and Safety, GetGo to Pilot Cooler Screens’ Digital Doors. Corporate retail news affecting the convenience-store industry. Nestle is allowed to fill up to 25 tanker trucks every day at its 300,000-gallon tank in Johnson Village. Drought is ravaging the state. Discover more about what we do. Those sources said private equity funds that focus on cutting costs to improve profits for quick turnaround deals — like the investment giant Apollo Global Management — are expected to show interest in the Nestlé water brands. Learn more, Nestlé Waters North America is proud to work with nonprofits, corporations, academic institutions, and our communities on actions to help address environmental and sustainability concerns.