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Primo WaterNASDAQ
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  • Mon, Oct. 10, 9:54 AM
    • Primo Water Corporation (PRMW +14.1%) announces that it acquired Glacier Water Services Inc.
    • The company says the addition will give it 46K retail locations throughout the U.S. and Canada.
    • Primo on the deal: "The transaction will unite two highly complementary brands and is intended to generate significant operating scale through an expansive refill and exchange network,"
    • The combination is expected to generate approximately $6M to $7M million in annual operational and shared service synergies within 36 months of closing.
    • Source: Press Release
    | Mon, Oct. 10, 9:54 AM | 2 Comments
  • Mon, Oct. 10, 9:50 AM
    • Primo Water (PRMW +13.8%) agrees to acquire Glacier Water Services for ~$263M in cash and stock, including debt.
    • PRMW says the deal unites two highly complementary brands and will generate significant operating scale through an expansive refill and exchange network, including 46K retail locations in the U.S. and Canada.
    • PRMW expects the combination to generate $6M-$7M in annual operational and shared service synergies within 36 months of closing.
    | Mon, Oct. 10, 9:50 AM