Nestlé USA announced that it has acquired Essentia Water, a premium functional water brand headquartered in Bothell, Wash. Essentia pioneered ionized alkaline water more than twenty years ago and is the leading brand in that space in the US.
The 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 US and Canadian regional spring water brands, purified water business and beverage delivery service announced in February.
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 $192 million.