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M&A Deal Summary

Primo Water Acquires Sip-Well

On January 5, 2022, Primo Water acquired beverage company Sip-Well from WDP

Acquisition Highlights
  • This is Primo Water’s 14th transaction in the Beverages sector.
  • This is Primo Water’s 1st transaction in Belgium.

M&A Deal Summary
Date 2022-01-05
Target Sip-Well
Sector Beverages
Buyer(s) Primo Water
Sellers(s) WDP
Deal Type Divestiture

Target

Sip-Well

Londerzeel, Belgium
Sip-Well bottles crystal clear water from its own sources to private individuals and companies. The site comprises approximately 11,000 m² of built-up area with additional future development potential. Sip-Well was formed in 1993 and is based in Londerzeel, Belgium.

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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 19 of 21
Sector (Beverages) 14 of 15
Type (Divestiture) 1 of 1
Country (Belgium) 1 of 1
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Premium Refreshment Service

Little Rock, Arkansas, United States

Premium Refreshment Service is a distributor of Primo's Mountain Valley premium water brand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 Highland Mountain Water

Gainesville, Georgia, United States

Highland Mountain Water is an independent distributor of Primo's Mountain Valley premium water brand. Highland Mountain Water is based in Gainesville, Georgia,.

Buy -

Seller(S) 1

SELLER

WDP

Wolvertem, Belgium
Category Company
Sector Real Estate
Employees123
Revenue 378M EUR (2023)
DESCRIPTION

WDP is a real estate investment firm. WDP is based in Wolvertem, Belgium.

DEAL STATS #
Overall 1 of 1
Sector (Beverages) 1 of 1
Type (Divestiture) 1 of 1
Country (Belgium) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Sip-Well

Londerzeel, Belgium

Sip-Well bottles crystal clear water from its own sources to private individuals and companies. The site comprises approximately 11,000 m² of built-up area with additional future development potential. Sip-Well was formed in 1993 and is based in Londerzeel, Belgium.

Buy €9M
Mergr

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