M&A Deal Summary

Primo Water Acquires Primo Water

On February 26, 2020, Primo Water acquired beverage company Primo Water

Acquisition Highlights
  • This is Primo Water’s 7th transaction in the Beverages sector.
  • This is Primo Water’s 6th transaction in the United States.
  • This is Primo Water’s 2nd transaction in North Carolina.

M&A Deal Summary

Date 2020-02-26
Target Primo Water
Sector Beverages
Buyer(s) Primo Water
Deal Type Add-on Acquisition

Target

Primo Water

Winston-Salem, North Carolina, United States
Primo Water is a provider of three-and five-gallon purified bottled water, self-serve filtered drinking water, water dispensers and carbonating beverage appliances sold through major retailers in the United States and Canada. Primo is a Delaware corporation that was founded in 2004 and is headquartered in Winston-Salem, North Carolina.

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Buyer(S) 1

Buyer

Primo Water

Tampa, Florida, United States

Category Company
Founded 1955
Sector Beverages
Employees9,230
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 Tampa, Florida.


DEAL STATS #
Overall 11 of 21
Sector (Beverages) 7 of 15
Type (Add-on Acquisition) 11 of 19
State (North Carolina) 2 of 2
Country (United States) 6 of 13
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-31 S&D Coffee

Concord, North Carolina, United States

S&D Coffee, Inc. is the largest coffee and tea manufacturer and supplier to restaurants and convenience stores in America. S&D is also a major producer of liquid extracts. In continuous operation since 1927, the S&D Coffee serves over 110,000 customers through national distribution and direct store delivery.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Mountain Valley Water Company Of WNY

Tonawanda, New York, United States

Mountain Valley Water Company Of WNY is a provider of high-quality water delivery services to homes and offices in Buffalo and Rochester New York will add approximately 1,500 customers strengthening footprint in Northern New York.

Buy -