Primo Water Corporation Announces a merger in Sipple Water Stations
"Primo" is a leading manufacturer of sustainable drinking water solutions to consumers in North America and Europe, today announced that it agreed to acquire 80% of its share in Sipple Hydration Stations, an innovative network of
The agreement allows Primo to participate in the growing UK market and expand the Sipple Hydration Stations to other markets in Primus's footprint. Customers can use their own bottle to refill, or they can purchase a reusable
"Sipple hydration stations are a convenient way to offer - affordable, plastic-free alternative to our customers, meeting 'a critical environmental and hygienic need' by supplying superb tasting, pur "Sipple shares our vision of reducing plastic waste while increasing the consumption of safe, high-quality drinking water." "This investment furthers our aim to provide pure-play water solutions whenever, wherever and wherever our customers want them
Primo has a business in Tampa, Florida. For more information, visit the primarywater-corp.com or the Sipple Hydration Station.
ABOUT PRIMO WATER CORPORATION.
Primo Water Corporation is a leading pure-play water solution provider in the United States, Europe and Israel and generates approximately $2.0 billion in annual revenue. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo's revenue model is its industry leading line-up of innovative water dispensers, which are sold through major retailers and online at various price points or leased to customers. The dispensers help ease household penetration, which drives recurring purchases of Primo's razor-blade offering. Primo's razor-blade offering is made up of Water Direct, Water Exchange, and Water Refill. Primo delivers sustainable hydration solutions across its 22-country footprint directly to the customer's door, whether home or commercial. Primo offers reusable containers at over 13 locations and water refill units at around 22 locations. It is the leading company to produce water from Water Exchange and Water Refill, and provides high-quality packaging and repurposed containers for use Primo also offers water filtration units across its 22-country footprint, a top five position.
Primo's water solutions give consumers the advantage of pureified, spring-element and mineral water, and provide a healthier, more sustainable lifestyle. The solution reduces plastic waste and pollution while reducing plastic pollution. Primo is committed to its water stewardship standards, and is proud to partner with the International Bottled Water Association (IBWA) in North America, along with Watercoolers Europe (WE), which ensure strict adherence to
Primo has its headquarters in Tampa, Florida. For more information, visit www.primowatercorp.com.
Safe Harbor Statements.
This press release contains forward-looking statements in the meaning of Section 27A of the Securities Act of 1933 and Section 21E of The Securities Exchange Act in 1934, conveying management's expectations for the future from the moment of first making the Forward-looking statements involve inherent risks and uncertainties and Primo cautions you that several important factors could make actual results materially different from those contained in such forward-facing statements. The forward-looking statements contained in this press release include, but aren't limited to, statements related to Sipple and related matters. The forward-looking statements are based on assumptions about management's current plans and estimates. The management believes these assumptions are reasonable, but they won't guarantee they will be true.
Other factors that could cause actual results to differ materially from those described in this press release include, among others: risk relating to any unforeseen changes, or effects on liabilities, future capital expenditures, revenues, expenses, earnings, syn
The above list of factors isn't exhaustive. Readers should not place unreasonable reliance on forward-looking statements as of the date of this statement. Readers should carefully review and review the various disclosures, including but not limited to risk factors in Primo's Annual Report on Form 10-K and quarterly reports on Formula 10-Q, and other filings with the securities commissions. Primo does not undertake to update or revise any of these statements, irrespective of new information or future events, except as expressly required by applicable law.
SOURCE Primo Water Corporation is a Water Management Company.