PRIMO WATER CORPORATION ANNOUNCES ACQUISITION OF HIGHLAND MOUNTAIN WATER
On July 18, 2022, Primo Water Corporation (NYSE: PRMW) announced the acquisition of Highland Mountain Water in Atlanta, Georgia.
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Rhea-AI Summary
On July 18, 2022, Primo Water Corporation (NYSE: PRMW) announced the acquisition of Highland Mountain Water in Atlanta, Georgia. This strategic move enhances Primo's distribution of its Mountain Valley® premium water brand, adding over 2,500 customers and a service area covering 4 million residents. CEO Tom Harrington emphasized the alignment of this acquisition with the company's mission to provide sustainable hydration solutions. With approximately $2.1 billion in annual revenue, Primo continues to focus on expanding market reach and improving customer service.
Positive
- Acquisition enhances distribution of Mountain Valley® brand.
- Increases customer base by over 2,500.
- Expands service area to over 4 million residents.
Negative
- None.
Details
News Market Reaction – PRMW
The recorded move for PRMW in the trading session of this news was +0.46%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TAMPA, Fla. , July 18, 2022 /PRNewswire/ - 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.
"With more than 2,500 customers and a service area that includes a population of more than 4 million residents, Highland Mountain Water will fit seamlessly into the Primo family and align with our mission of inspiring healthier lives through better quality water," said Tom Harrington, CEO of Primo Water Corporation.
"This acquisition fits within our existing footprint, expands distribution of our Mountain Valley® premium water brand and furthers our vision of providing water solutions whenever, wherever and however our customers want them. Customers should expect the same great level of service they've been accustomed to, and we are excited to welcome these customers and associates to our Primo family," said Mr. Harrington.
For more information on the hydration solutions Primo offers, please visit www.water.com.
Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe and generates approximately
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 ensures 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.
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SOURCE Primo Water Corporation
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