Greenwich, Connecticut (April 29, 2009) – Nestlé Waters North America today announced its agreement to acquire, pending regulatory approval, Snow Valley Mountain Spring Water, a bottled spring water company servicing Baltimore, Washington D.C. and Northern Virginia markets. Terms of the deal are still under negotiation.
Snow Valley Mountain Spring Water, a member of the International Bottled Water Association, is sourced from springs in Central Pennsylvania. The company, with estimated year 2008 revenues of $4.8 million, has distributed natural spring water to homes and offices since 1973.
The acquisition takes advantage of significant synergies between Nestlé Waters North America and Snow Valley, and will bolster Nestlé Waters’ ability to service consumers in the mid-Atlantic market, where the company already sources, bottles and distributes Deer Park® Natural Spring Water. Nestlé Waters North America’s home-and-office delivery service is the largest returnable beverage container program in the country.
About Nestlé Waters North America
Nestlé Waters North America Inc. is the number one bottled water company in the U.S. Its family of 15 well-known brands includes Poland Spring® Brand Natural Spring Water, the leading spring water brand in America. Based in Greenwich, Conn., Nestlé Waters North America’s more than 8,000 employees provide bottled water products to consumers across the country, including Nestlé ® Pure Life® and Deer Park® Natural Spring Water in the Mid-Atlantic region.