Company Overview of Nestlé Waters North America Inc.
Nestlé Waters North America Inc. produces and distributes bottled water in the United States and Canada. The company offers natural spring, mountain spring, purified, and sparkling natural mineral water; distilled, drinking, fluoridated, and sparkling water; and organic and ready-to-drink iced teas. It serves restaurants, homes, and offices; and provides water for various events that range from marathons and professional sporting events to local fairs, schools, and other community programs. The company offers its products through retail outlets. Nestlé Waters North America Inc. was formerly known as The Perrier Group of America, Inc. and changed its name to Nestlé Waters North America Inc. i...
900 Long Ridge Road
Stamford, CT 06902-1138
Founded in 1976
Key Executives for Nestlé Waters North America Inc.
Chairman, Chief Executive Officer, President and Member of Executive Board
Chief Financial Officer, Vice President of Finance and Member of Executive Board
Member of Executive Board, President of Nestlé Waters Canada and Country Manager of Nestlé Waters Canada
President of Nestle Canada's Frozen Division
Member of Executive Board and Executive Vice President of Nestlé Direct
Compensation as of Fiscal Year 2015.
Nestlé Waters North America Inc. Key Developments
Nestle Waters North America to Form Joint Venture with Polar Beverages
Jul 8 15
Nestle Waters North America Inc. has signed an agreement to form a joint venture with Polar Beverages to manufacture, distribute and sell cans under the Nestea and Poland Spring brand names. Both the companies are based in the US. The new JV, named Polar Strategic Ventures will operate in the eastern US.
Nestlé Waters to Build 50-Job Bottled-Water Facility in Chesterfield County
Nov 18 14
Nestlé Waters North America will build a $40 million bottled-water plant near the Chesterfield County community of McBee. The plant, which will produce Deer Park and Nestlé Pure Life brands of water, will have as many as 50 employees. It's expected that the plant will open in early 2016.
Nirvana Spring Water Files Lawsuit Against Nestlé for Breach of NDA and Anti-Competitive Practices
Aug 20 14
Nirvana Inc. (Nirvana) filed a lawsuit in New York State Supreme Court against Nestlé Waters North America (Nestlé) for breach of a non-disclosure agreement (NDA) and unlawful anti-competitive practices aimed at driving a small, family-owned competitor out of business. After Nestlé expressed interest in a possible acquisition of Nirvana, the two companies signed an NDA in 2012. Nestlé examined Nirvana's financial information and its natural resources, conducting aerial reconnaissance of Nirvana's property. At the same time, the legal complaint states, Nestlé and its agents were engaging in a persistent campaign of anti-competitive practices meant to weaken Nirvana or drive it out of business entirely. According to court filings, Nestlé's illegal activities included lowering prices for commercial buyers who agreed to stop carrying Nirvana's water and showing letters to supermarkets indicating that Nirvana approached Nestlé about selling itself, undermining those customer relationships. The lawsuit alleges that Nestlé even went so far as to directly pay Stew Leonard's supermarket chain in 2011 to stop carrying Nirvana spring water altogether. Nirvana initially entered discussions with Nestlé in 2005 regarding the co-packing of Nestlé's Pure Life(R) brand. That same year, Nestlé made an oral offer to buy the company, which Nirvana declined. In 2011, Nirvana transitioned from a co-packing business model to a self-branded water company and began directly capturing market share from Nestlé's Poland Spring(R) and Deer Park(R) brands. Over the last two years, during the period of Nestlé's NDA-protected intelligence gathering, Nirvana's sales have fallen dramatically.
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