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Primo Water Corporation Announces Acquisition Of Crystal Spring Water Company

Oct 12, 2022about 3 years ago

Acquiring Company

PRIMO WATER

Acquired Company

Crystal Spring Water

Tampa

Description

Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that Primo Water North America ("PWNA"), a wholly-owned subsidiary of Primo, has acquired substantially all the assets of Crystal Spring Water Company, a bottled water company based in Rhode Island.

Company Information

Company

PRIMO WATER

Location

Tampa, Florida, United States

About

Primo Water Corporation and an affiliate of BlueTriton Brands, Inc. have merged to create Primo Brands, a leading branded beverage company in North America. The new company has an iconic brand portfolio, including billion-dollar, widely recognized brands such as Poland Spring® and Pure Life®, high-growth premium brands like Saratoga® and Mountain Valley®, and other valuable brands with significant growth potential.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed