Nestlé

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Nestlé SA is a Swiss transnational food and drink company headquartered in Vevey, Vaud, Switzerland.

Bernard Meunier
EVP & Head of Strategic Business Units, Marketing & Sales
Laurent Freixe
EVP, CEO Zone Americas
Béatrice Guillaume-Grabisch
Head of Group Human Resources & Business Services
François-Xavier Roger
EVP, Chief Financial Officer
Greg Behar
CEO, Nestlé Health Science S.A.
Leanne Geale
General Counsel
Stefan Palzer
EVP, Chief Technology Officer
Chris Johnson
EVP, CEO Zone Asia, Oceania and Sub-Saharan Africa (AOA)
Magdi Batato
EVP, Head of Operations
Marco Settembri
EVP, CEO Zone Europe, Middle East and North Africa
Sanjay Bahadur
Head of Group Strategy and Business Development
David Rennie
Deputy EVP & Head of Nestlé Coffee Brands

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Partnership announcement

Nestlé acquires Essentia, expands presence in premium functional water segment

Nestlé acquires Essentia, expands presence in premium functional water segment

Nestlé USA today announced that it has acquired Essentia Water ("Essentia"), a premium functional water brand headquartered in Bothell, Washington. Essentia pioneered ionized alkaline water more than twenty years ago and is the leading brand in that space in the U.S. This transaction is part of Nestlé's continued transformation of its global water business, which was announced in June 2020. The company is sharpening its portfolio to focus on international premium and mineral water brands and healthy hydration products, such as functional water. This follows the agreement to sell Nestlé's U.S. and Canadian regional spring water brands, purified water business and beverage delivery service announced in February. "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," said Steve Presley, Chairman and CEO of Nestlé USA. "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 is the leading alkaline water brand and the No. 1 selling bottled water brand in the natural channel. The company uses a proprietary process to ionize water, delivering a clean, smooth taste and a pH of 9.5 or higher. Essentia's 2020 sales were USD 192 million. Essentia joins renowned brands Perrier®, S.Pellegrino®, San Pellegrino® and Acqua Panna® as part of the Premium Waters portfolio of Nestlé USA. SOURCE Nestle USA

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