M&A Deal Summary

Primo Water Acquires Crystal Rock Holdings

On February 12, 2018, Primo Water acquired beverage company Crystal Rock Holdings for 35M USD

Acquisition Highlights
  • This is Primo Water’s 5th transaction in the Beverages sector.
  • This is Primo Water’s 7th largest (disclosed) transaction.
  • This is Primo Water’s 3rd transaction in the United States.
  • This is Primo Water’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2018-02-12
Target Crystal Rock Holdings
Sector Beverages
Buyer(s) Primo Water
Deal Type Add-on Acquisition
Deal Value 35M USD

Target

Crystal Rock Holdings

Watertown, Connecticut, United States
website
Crystal Rock Holdings, Inc. is a provider of quality water products and delivery services.

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Buyer(S) 1

Buyer

Primo Water

Tampa, Florida, United States

website

Category Company
Founded 1955
Sector Beverages
Employees9,230
Revenue 2.0B USD (2020)
DESCRIPTION

Primo Water provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored water, filtration equipment, and coffee. Primo Water was founded in 1955 and is based in Tampa, Florida.

DEAL STATS #
Overall 8 of 21
Sector (Beverages) 5 of 15
Type (Add-on Acquisition) 8 of 19
State (Connecticut) 1 of 1
Country (United States) 3 of 13
Year (2018) 1 of 2
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-25 Cott - Bottling Activites

Tampa, Florida, United States

Cott Corp. - Bottling Activites is a bottler of retailer brands and has a rapidly growing contract manufacturing business, representing 86% and 14% of volumes respectively. Cott has strong customer relationships and serves over 500 leading retailers and a growing number of A-brands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 Mountain Valley Spring Company

Hot Springs, Arkansas, United States

Mountain Valley Spring Company LLC is a fast-growing American brand of spring and sparkling water and is one of the most recognized home and office distribution ("HOD") brands in the United States. Mountain Valley focuses on spring water bottled in a variety of glass bottle sizes ranging from five-gallon bottles which are delivered to homes and offices throughout the U.S. to single serve sizes such as one liter, 500mL and 333mL. Over the years Mountain Valley has added sparkling and flavored sparkling water in glass bottles as well as lightweight plastic offerings for its sparkling and spring water lines. Mountain Valley is uniquely positioned as the premium American water brand and is a leader in the high growth premium bottled water branded category as well as the sparkling and flavored water categories.

Buy $79M
Mergr

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