Shelburne-based water bottling firm, Ice River Springs will not acquire Nestle Waters.
In a released issued Wednesday, Nestle stated the two companies “were not able to work through the Competition Bureau’s regulatory approval process within Nestlé’s set time frame to allow for a successful sale of the Nestlé Pure Life business in Canada to Ice River Springs.”
The deal included two factories in Puslinch and Hope, B.C., along with a well in Erin.
The release said the deal was always contingent upon efficient regulatory approval.
Initial news of the sale was announced on July 2nd.
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