CADILLAC — Nestle Waters North America, the controversial water-bottling firm, is below new possession.
One Rock Capital Companions, LLC and Metropoulos and Co. introduced on March 31 that the partnership had accomplished buying Nestle Waters North America. The businesses had introduced the association in February; Nestle had introduced in summer time 2020 that the corporate supposed to divest of its regional water manufacturers, which embody the Ice Mountain model with services in Osceola and Mecosta counties.
Nestle had no remark past a press launch from One Rock and Metropoulos and Co. that introduced the deal’s completion.
However Michigan Residents for Water Conservation, the group that’s been disputing Nestle’s makes an attempt to extend water withdrawal in Osceola County, did have one thing to say.
MCWC issued a information launch Friday calling for a state investigation of the sale.
“We’ve requested state authorities to analyze this sale as a result of we see it as yet one more step within the path of privatizing water, turning it right into a commodity traded on the inventory and futures markets, and manufacturing shortage to extend company revenue,‘ MCWC said. “These two firms making the acquisition have made it clear that their objective is to maximise their revenue by rising their investments in a pure useful resource important to life.‘
Within the information launch, One Rock and Metropoulos touted Nestle’s “longstanding dedication to environmental management.‘
MCWC scoffed at that.
“These companies not solely intend to contribute to growing the manufactured marketplace for bottled water which Nestle so efficiently created, they intend to streamline the operations to extend the revenue. What does this imply for our already broken ecosystems like Twin and Chippewa Creeks in Osceola County?‘ the group stated.
Nestle has beforehand disputed MCWC’s claims that the corporate’s water withdrawals have broken native ecosystems.
MCWC says the general public must be on alert.
“Nestle already expanded the bottling plant in Stanwood and has been buying extra land. We encourage the general public to beware of recent allow functions for additional water grabs from the Muskegon River Watershed,‘ MCWC stated. “We will definitely be watching and will likely be holding State officers accountable for opening the allowing processes to public scrutiny.‘
Nestle Waters North America acquired a allow from the Michigan Division of Setting, Nice Lakes and Vitality to extend its water withdrawal in Osceola County, however that let is being challenged in court docket by Michigan Residents for Water Conservation. Moreover, if the allow does stand, it’s not clear how the extra water withdrawal can be completed. Nestle beforehand misplaced a zoning case relating to a booster station that may be wanted.