Coffee Service

Primo Water to divest 'significant portion' of international business for $575M

Image: iStock.

November 13, 2023

Primo Water Corp. a provider of sustainable drinking water solutions in North America and Europe, has entered into a definitive agreement whereby Culligan International will acquire a "significant portion" of Primo Water's international businesses in an all-cash transaction valued at up to $575 million.

The transaction excludes the Aimia Foods, United Kingdom, Portugal and Israel businesses but each of these will be sold across 2024.

Following the completion of the transaction, the simplified, proforma Primo Water will have a greater focus on its pure-play North American water business to include water dispensers, water direct, water exchange, water refill and water filtration as well as a mix of residential and commercial customers.