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Greater involvement for Nestlé in the water industry.
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Convinced that the search for good nutrition goes hand-in-hand with the benefits of mineral water, Nestlé acquired a 30% stake in Société Générale des Eaux Minérales de Vittel (SGEMV) in 1969. At the time, SGEMV was France's third largest mineral water company. In the 1970s, Nestlé strengthened its ties to water by acquiring several German springs via Rietenauer and Blaue Quellen AG.
Then it acquired a controlling interest in SGEMV in January 1992, and went on in May of the same year to buy out the entire Perrier Group.
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The combined operations are forming to lay the foundation for Nestlé's long-term commitment in the bottled water field. |
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