While Primo’s (formerly Cott) history dates back to the early 1920s, we have undergone significant transformation and diversification over the last five+ years as we have moved from a predominantly carbonated soft drink manufacturer to a leading service-based business focused in the growing categories of bottled water, office coffee, and filtration solutions primarily delivered through direct-to-consumer routes throughout North America and Europe. Below you will find a timeline of recent acquisitions.
Closed on the sale of its S&D Coffee and Tea (“S&D”) business to Westrock Coffee Company, LLC for USD $405 million.
Acquired Primo Water Corporation (“Primo”), a leading provider of water dispensers, purified bottled water, and self-service refill drinking water in the U.S. and Canada.
The completion of the acquisition of Primo combined with the sale of S&D Coffee and Tea to Westrock Coffee, accelerates the company’s transformation into a pure-play water solutions provider which includes rebranding of the corporate name to Primo Water Corporation.
Closed on the sale of its soft drink concentrate production facility and RCI International division (“Cott Beverages LLC”) to Refresco for USD $50 million. After completing this transaction, Primo has effectively divested of all the carbonated soft drinks business lines under its former traditional business.
Closed the sale of its traditional beverage manufacturing business to Refresco for $1.25 billion USD. The transaction included Cott's legacy North America, U.K. and Mexico businesses.
Acquired Crystal Rock Holdings, Inc. (“Crystal Rock”), a 100 year old direct-to-consumer home a office water, coffee, filtration and office supply service delivery business serving customers throughout New York and New England.
Acquired The Mountain Valley Spring Company (“Mountain Valley”) for $78.5 million. Mountain Valley is a fast-growing American brand of spring and sparkling water and is one of the most recognized home and office distribution brands in the United States. It has been bottling in glass continuously since 1871, with one production facility in Hot Springs, Arkansas, and four protected and owned springs in the Ouachita Mountains with excess capacity to supply long-term demand.
Entered into a definitive agreement to sell its traditional beverage manufacturing business to Refresco for $1.25 billion USD.
Acquired Aquaterra, the largest Canadian distributor of home and office delivery water.
Acquired S&D Coffee & Tea, a leading custom coffee roaster and distributor of coffee and tea-based beverage solutions to the U.S. foodservice industry.
Acquired Eden, a leading European direct-to-consumer home and office delivery water and office coffee services provider with operations across 18 countries.
Acquired DS Services, a leading direct-to-consumer services provider across home and office delivery water, office coffee and filtration services in the U.S.
Acquired Aimia Foods, a leading provider of hot drinks to the foodservice and catering channels in the U.K. Products include coffee, hot chocolate, malt drinks, creamers and cereal.