Nestle Waters North America said on Friday that it had signed a purchase agreement for the acquisition of the former Cal Cedar lumber mill site in a deal that solidifies plans to build a new spring water bottling facility in McCloud.

According to a new economic impact report, the project will create as many as 300 direct and indirect jobs and provide approximately US$25.5m in local income within a six-year period.

"These developments show the level of our commitment to the community and that Nestle Waters is excited about this investment in the future of McCloud," said Dave Palais, natural resource manager for Arrowhead Mountain Spring Water, a division of Nestle Waters North America (Nestle Waters). "These tangible milestones mark the first steps toward realizing the Nestle Waters project in McCloud."

The Cal Cedar lumber mill, owned by California Cedar Properties Company, located on Mill Road sits on approximately 250 acres.
 
Nestle Waters is slated to begin construction as early as 2005 for an opening in 2006, once the environmental review and all permitting processes are completed.
"We now look forward to completing the permitting and beginning the construction portion of the project. The community will now see a much higher level of activity as work begins in and around the project site," concluded Palais.