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Primo Water Corporation to merge with BlueTriton Brands, Inc. to expand water and beverage solutions

Primo Water Corporation to merge with BlueTriton Brands, Inc. to expand water and beverage solutions

09/05/24, 11:29 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgstamford
Industry
natural resources
Primo Water Corporation (NYSE: PRMW) and BlueTriton Brands, Inc. today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the all-stock combination of the two companies. The transaction, expected to close by the end of calendar year 2024, subject to satisfaction of customary closing conditions, will create an expanded portfolio of water and beverage solutions in North America.

Company Info

Company
Primo Water Corporation
Company info
Primo Water Corporation is a leading pure-play water solutions provider in North America, Europe and Israel and generates approximately $2.0 billion in annual revenue. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo's revenue model is its industry leading line-up of sleek and innovative water dispensers, which are sold through major retailers and online at various price points or leased to customers. The dispensers help increase household penetration which drives recurring purchases of Primo's razorblade offering. Primo's razorblade offering is comprised of Water Direct, Water Exchange, and Water Refill. Through its market leading Water Direct business, Primo delivers sustainable hydration solutions across its 22-country footprint direct to the customer's door, whether at home or to commercial businesses. Through its market leading Water Exchange and Water Refill businesses, Primo offers pre-filled and reusable containers at over 13,000 locations and water refill units at approximately 22,000 locations, respectively. Primo also offers water filtration units across its 22-country footprint representing a top five position. Primo's water solutions expand consumer access to purified, spring and mineral water to promote a healthier, more sustainable lifestyle while simultaneously reducing plastic waste and pollution. Primo is committed to its water stewardship standards and is proud to partner with the International Bottled Water Association (IBWA) in North America as well as with Watercoolers Europe (WE), which ensure strict adherence to safety, quality, sanitation and regulatory standards for the benefit of consumer protection. Primo is headquartered in Tampa, Florida (USA). For more information, visit www.primowatercorp.com.