Add-on Acquisition • Beverages

Primo Water Acquires Earth2O

On July 19, 2021, Primo Water acquired beverage company Earth2O

Acquisition Context
  • This is Primo Water’s 10th transaction in the Beverages sector.
  • This is Primo Water’s 10th transaction in the United States.
  • This is Primo Water’s 1st transaction in Oregon.

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M&A Deal Summary

Date July 19, 2021
Target Earth2O
Sector Beverages
Buyer(s) Primo Water
Deal Type Add-on Acquisition

Target Company

Earth2O

Culver, Oregon, United States
Earth2O produces and distributes spring water to residential and retail accounts in Oregon and the Pacific Northwest. Earth2O was founded in 1991 and is headquartered in Culver, Oregon.
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Buyer Overview 1

Buyer

Primo Water

Stamford, Connecticut, United States

Category Company
Founded 1976
Sector Beverages
Employees12,000
Revenue 1.8B USD (2023)
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 Stamford, Connecticut.


Deal Context for Buyer #
Overall 15 of 21
Sector: Beverages 10 of 15
Type: Add-on Acquisition 15 of 19
State: Oregon 1 of 1
Country: United States 10 of 13
Year: 2021 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 Mountain Valley Water

Downey, California, United States

Mountain Valley Water is a provider of high-quality water delivery services to homes and offices in the Los Angeles area. Mountain Valley Water was founded in 1983 and is based in Downey, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Sipple Hydration Stations

New Covent Garden, United Kingdom

Sipple Hydration Stations is an innovative network of hydration stations in the UK providing purified & super chilled premium water refills. Sipple Hydration Stations is based in New Covent Garden, England.

Buy -