Türkiye's Water Giant Gets a US Partner - Sözcü Newspaper

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Having acquired Erikli in 2006 and become one of the largest players in the Turkish bottled water market, Nestlé is transferring its water operations to a new joint venture with the US investment fund Platinum Equity. The Competition Board has approved a fully functional joint venture between Nestlé S.A. and Platinum Equity.

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The Competition Board has approved a joint venture between Nestlé's bottled water business and entities affiliated with the US-based investment company Platinum Equity. Erikli, which Nestlé acquired in 2006, will also be part of this structure. The new company, expected to be named Peranel, will include the Perrier, S.Pellegrino, Acqua Panna, and Nestlé Pure Life brands.

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A new phase has been reached in the multi-billion euro partnership that includes Erikli, one of Türkiye's well-known water brands. It has been reported that the Competition Board has approved Nestlé's transfer of its water operations to a company it will form with US-based Platinum Equity.