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Nestle Said in Talks to Sell U.S. Bottled Water Unit to One Rock

  • Sale could fetch more than $4 billion, be announced this month
  • Unit includes Pure Life, Poland Spring and Deer Park brands

Photographer: Kevin Van Paassen/Bloomberg

Nestle SA is in talks to sell its U.S. bottled-water business to private equity firm One Rock Capital Partners, according to a person familiar with the matter.

The deal could fetch more than $4 billion and be announced as soon as this month, the person said, asking not to be identified as the matter is private. Talks are ongoing and there’s no certainty they will lead to a transaction, the person said.