Chaffee County’s Board of County Commissioners and staff learned this morning that private equity investment firms One Rock Capital Partners, LLC and Metropoulos & Co. have entered into an agreement to purchase Nestlé Waters North America.
This news was received by County leadership through national media channels, based on the Press Release issued by One Rock late the evening of February 16th. Nestlé NA has since released its own Press Release regarding the sale agreement. Neither Nestlé NA nor its representatives have shared additional information with the BOCC or County staff since the public announcement of the sale agreement was made.
Nestlé NA has an application under review with Chaffee County BOCC for a 10-year extension of its existing 1041 Permit for a spring water production process, and associated transmission pipeline and loading facility in Nathrop.
“At this time, we anticipate the process for Nestlé’s 1041 permit application review will continue. The County will share updates through the public process as we learn more from Nestlé and better understand what impacts the proposed purchase of their company may have on the permit review,” states Jennifer Davis, Chaffee County Attorney.
Discussion on the Nestlé NA’s 1041 Permit extension application is currently planned for the BOCC meeting on March 16th. At the March 9th BOCC meeting, Nestlé NA’s Natural Resource Manager, Larry A. Lawrence, is scheduled to present the Nestlé NA 2020 Annual Report.
Information and documents pertaining to the public hearing for the Nestlé NA 1041 Permit extension application will be posted to http://www.chaffeecounty.org/Public-Notices and
https://chaffeecoco.civicclerk.com/.
