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Primo Water Corporation Announces Acquisition Of Mountain Valley Water Company Of Los Angeles; Terms Not Disclosed

Author: Benzinga Newsdesk | October 13, 2020 05:46am

TAMPA, Fla., Oct. 13, 2020 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo"), a leading provider of water direct to consumers and water filtration services in North America and Europe as well as a leading provider of water dispensers, purified bottled water, and self-service refill drinking water in the U.S. and Canada, today announced that Primo Water North America ("Primo NA"), a wholly-owned subsidiary of Primo, has acquired substantially all of the assets of Mountain Valley Water Company of Los Angeles ("MVLA").

MVLA has been a leading provider of high-quality water delivery services to homes and offices in the Los Angeles area since its founding in 1983, and is the largest distributor of Mountain Valley in the U.S. The acquisition will add over 8,000 customers to Primo NA, strengthening its footprint in southern California. Customers of MVLA will continue to be offered Mountain Valley Spring® Water and can also now enjoy Sparkletts®, the Primo water brand in the region, and have the ability to select additional products for their orders, including coffee and tea, sparkling water beverages from Sparkling Ice® as well as other premium water products.

"MVLA shares our focus on offering high-quality products and delivering superior customer service and strengthens our footprint and customer density in southern California," said Dave Muscato, President of Primo NA. "We are excited to become the sole home and office bottled water distributor of our great Mountain Valley spring water product in southern California, and we welcome the Los Angeles Mountain Valley customers and associates to our family."

Mark Scott, President of MVLA, added, "Primo NA is a natural combination for MVLA given our mutual commitment to delivering the highest quality water products centered around natural sources, premier customer service and ecological preservation. I look forward to seeing the combined success of our products and services under Primo's ownership." 

For more information on the hydration solutions Primo NA offers, please visit www.water.com. 

Posted In: PRMW TSX:PRMW

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