TAMPA,
Fla., Sept. 14, 2022 /PRNewswire/ - Primo Water
Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or
"Primo"), a leading provider of sustainable drinking water
solutions in North America and Europe, announced
that Primo Water Europe has acquired Eureau Sources and
Defeaus, two French companies specializing in the marketing and
packaging of spring water.
- Eureau Sources, founded in 1996, specializes in
packaging spring water in 5-gallon returnable bottles for
refrigerated water coolers. In 2016, the company became the French
leader in bottling water in carafes. Eureau Sources draws water
from four sources in the Cantal, Indre et Loire, Oise, and Vaucluse
regions to effectively cover the entire French territory.
- Defeaus was founded in 1996 and has been marketing
HERMES spring water since 2015. Located in Hautes-de-France, in the heart of the Oise, the water is
bottled on-premise and distributed mainly in the Ile de
France region to commercial and
residential customers.
"The acquisition of Eureau Sources and Defaus further
strengthens Primo's vision to offer sustainable water solutions to
customers and consumers across our footprint. Customers will
continue to receive products and services from Eureau Sources and
Defaus while benefiting from being a part of Primo's global family
of brands focused on healthy and sustainable hydration." said Mr.
Harrington.
For more information on the hydration solutions Primo offers,
please visit www.water.com.
ABOUT PRIMO WATER
CORPORATION
Primo Water Corporation is a leading pure-play water solutions
provider in North America and
Europe and generates approximately
$2.1 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 sleek and innovative water dispensers, which are sold through
retailers and online at various price points. The dispensers help
increase household penetration which drives recurring purchases of
Primo's razorblade offering. Primo's razorblade offering is
comprised of Water Direct, Water Exchange, and Water Refill.
Through its Water Direct business, Primo delivers sustainable
hydration solutions across its 21-country footprint direct to the
customer's door, whether at home or to businesses. Through its
Water Exchange and Water Refill businesses, Primo offers pre-filled
and reusable containers at approximately 14,000 locations, water
dispenser sales at approximately 9,000 locations and water refill
units at approximately 24,000 locations, respectively. Primo also
offers water filtration units across its 21-country footprint.
Primo's water solutions expand consumer access to purified,
spring, and mineral water to promote a healthier, more sustainable
lifestyle while simultaneously reducing plastic waste and
pollution. Primo is committed to its water stewardship standards
and is proud to partner with the International Bottled Water
Association (IBWA) in North
America as well as with Watercoolers Europe (WE), which
ensure strict adherence to safety, quality, sanitation and
regulatory standards for the benefit of consumer protection.
Primo is headquartered in Tampa,
Florida (USA). For more information, visit
www.primowatercorp.com.
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SOURCE Primo Water Corporation