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Primo Water Corporation Announces Acquisition Of Highland Mountain Water

Jul 18, 2022•over 3 years ago

Acquiring Company

PRIMO WATER

Acquired Company

HIGHLAND MOUNTAIN 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 Highland Mountain Water, located in Atlanta, Georgia. Highland Mountain Water is a leading independent distributor of Primo's Mountain Valley® premium water brand.

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