HIDDEN SPRING AND NESTL

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                    [ArticleID] => 393054
                    [Title] => URC acquires Nestlé waters for P240M
                    [Summary] => 





Universal Robina Corp. (URC), the snack food and beverage arm of the Gokongweis’ JG Summit Holdings Inc., has completed its acquisition of Nestlé Waters Philippines Inc. for $5 million (around P240 million).


In a dislosure to the Philippine Stock Exchange, URC said it has also purchased Nestlé’s water source and manufacturing site for about P7.5 million. 


                    [DatePublished] => 2007-04-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 387583
                    [Title] => Universal Robina buys Nestlé Waters
                    [Summary] => 





Gokongwei-led Universal Robina Corp. (URC) has bought the manufacturing assets of Nestlé Waters, maker of Hidden Spring and Nestlé Pure Life.


In a statement, Nestlé Philippines said the sale is expected to be completed on April 2. Nestlé refused to disclose the price publicly-listed URC paid for the assets and trademarks.


Nestlé said it has decided to sell its water business because "is not doing well as expected." The company said it will just focus on its core competence like coffee production.


                    [DatePublished] => 2007-03-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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URC acquires Nestlé waters for P240M

By Zinnia B. Dela Peña | April 4, 2007 - 12:00am

Universal Robina Corp. (URC), the snack food and beverage arm of the Gokongweis’ JG Summit Holdings Inc., has completed its acquisition of Nestlé...

Business

Universal Robina buys Nestlé Waters

By Ma. Elisa Osorio  | March 3, 2007 - 12:00am

Gokongwei-led Universal Robina Corp. (URC) has bought the manufacturing assets of Nestlé Waters, maker of Hidden Spring and Nestlé Pure Life. In a statement, Nestlé Philippines said...

Business