Nestlé Waters North America (NWNA) has acquired certain assets from Palomar Mountain Premium Spring Water, in order to strengthen its ReadyRefresh presence in southern California.
ReadyRefresh is a delivery service which allows consumers, as well as small and large businesses, to order deliveries of still and sparkling water brands, in addition to coffee and tea products. Customers can also choose from a range of beverage dispensers and accessories.
According to NWNA, this newly announced acquisition will expand ReadyRefresh’s reach within San Diego County, Orange County, Riverside County and Los Angeles County.
The financial terms of the transaction, which closed on 16 October 2020, have not been disclosed.
“This transaction is part of ReadyRefresh’s focus on aligning its current operations to meet its future needs and positioning the company for long-term success,” said Henrik Jelert, executive vice president, ReadyRefresh.
“We look forward to welcoming Palomar Mountain Premium Spring Water employees into the ReadyRefresh family and serving our new customers.”
The news follows a similar deal announced last month, which saw NWNA acquire assets from Vista Springs Bottled Water Company in a move to expand the ReadyRefresh service in the Greater Sacramento area.
Earlier this year, Nestlé announced that it was exploring the sale of ‘the majority’ of its Nestlé Waters North America unit, including the ReadyRefresh service. The North America strategic review is still ongoing.
© FoodBev Media Ltd 2020