Tuesday, October 4, 2016

ANOTHER WRINKLE ON THE NESTLE STORY



Well appropriately so in my opinion Nestle has been taking a lot of heat for their business of taking publicly owned water, almost for free, and selling it in environmentally damaging plastic bottles for a huge markup. Now the story did get even worse at least temporarily. Allegedly Nestle had outbid Centre Wellington Township for the small property and well.

Well it turns out that is not the case. Centre Wellington had the first offers for the well and property but turned them down until an unexpected $1.5 million showed up. Then they put in an offer however unfortunately Nestle already had their conditional offer in. They dropped their condition and bought the property without conditions.The details of this story are in Luisa D'Amato's Opinion column in the September 29/16 Waterloo Region record titled "Nestle story is not a David-and-Goliath tale.

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