PRIMO WATER ENTERS INTO AGREEMENT TO SELL SIGNIFICANT PORTION OF ITS INTERNATIONAL BUSINESSES FOR UP TO $575 MILLION IN CASH

Primo Water Corporation Ontario Florida

Creates significant shareowner value at a premium valuation multipleAgreement is the first step in exiting all of its International businessesEnables focus on North America market where Primo Water has leadership, scale and a significant addressable customer opportunityProceeds from the transaction to be used to drive organic growth, reduce leverage, accelerate Water Direct tuck-in M&A, pursue water adjacencies and return capital to shareowners via share repurchasesPrimo Water believes shareowners will benefit from an improved financial profileView original content:https://www.prnewswire.co.uk/news-releases/primo-water-enters-into-agreement-to-sell-significant-portion-of-its-international-businesses-for-up-to-575-million-in-cash-301974884.html