Nestle Canada selling bottled water business to local family-owned company
TORONTO - Nestle Canada Inc. says it is selling its Pure Life bottled water business to Ice River Springs as Ontario prepares to give its municipalities veto power over new water bottling permits.
The sale for an undisclosed price is expected to close in the third quarter and is contingent on regulator approval. The sale includes two factories located in Puslinch, Ont., and Hope, B.C., along with a well in Erin, Ont.
Company president Jeff Hamilton says it began to explore the sale o...