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Primo Water Corp T.PRMW

Alternate Symbol(s):  PRMW

Primo Water Corporation is a pure-play water solutions provider that operates under a recurring revenue model in the large format water category. This business strategy is referred to as razor-razorblade. Its Razorblade offering includes Water Direct, Water Exchange, and Water Refill. Through its Water Direct business, it delivers sustainable hydration solutions direct to customers, whether at home or to businesses. Through its Water Exchange business, customers visit retail locations and purchase a pre-filled bottle of water. Once consumed, empty bottles are exchanged at its recycling center displays, which provide a ticket that offers a discount towards the purchase of a new bottle. Water Exchange is offered in over 17,500 retail locations. Through its Water Refill business, customers refill empty bottles at nearly 23,500 self-service drinking water stations. It offers water filtration units across North America. Its water solutions offer access to purified, spring and mineral water.


TSX:PRMW - Post by User

Post by Betteryear2on Aug 02, 2021 4:21pm
175 Views
Post# 33640375

Acquisition of Mountain Valley Home & Office Customer Base

Acquisition of Mountain Valley Home & Office Customer Base

TAMPA, FlaAug. 2, 2021 /CNW/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of water direct to consumers and water filtration services in North America and Europe as well as a leading provider of water dispensers, purified bottled water, and self-service refill drinking water in the U.S. and Canada, today announced that Primo Water North America ("PWNA"), a wholly-owned subsidiary of Primo, has acquired substantially all of the assets related to the Home and Office Delivery business of Health Waters of Pennsylvania ("Health Waters").

The acquisition will increase Primo's route density and expand Mountain Valley product offerings in the Northeast. The customer base overlaps Primo's existing infrastructure in PennsylvaniaNew Jersey and Delaware, and includes a population of approximately 6.5 million residents.

Customers will continue to enjoy Primo's Mountain Valley product offerings and will soon be able to enjoy all Crystal Springs product offerings, the Primo water brand in the region. Customers will be serviced by four Crystal Springs branches located in the eastern part of PennsylvaniaNew Jersey, and Delaware.

"We are excited to acquire this additional Mountain Valley customer base in the Northeast," said Tom Harrington, CEO of Primo Water Corporation. "The acquisition improves customer density in the region and furthers our vision of providing pure-play water solutions whenever, wherever and however our customers want them."

 
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