Primo Water To Merge With BlueTriton In Strategic All-Stock Deal, Projecting $1.5B In Adjusted EBITDA
$PRMW
Beverages (Production/Distribution)
Consumer Staples
- Transformative all-stock transaction expected to present an estimated $200 million in run-rate cost synergies
- Combined company expected to have significant financial and operating leverage with $6.5 billion in Net Revenue and $1.5 billion in Adjusted EBITDA1, including estimated synergies, for the twelve-month period ended March 31, 2024
- Increased presence, leading portfolio of iconic brands, diversified product offerings and enhanced distribution capabilities position the combined company for sustained long-term growth
- Primo Water intends to pay a special dividend of up to $133 million ($0.82/share)2 to its shareholders prior to closing