primo water corporation

The Company, its directors and certain of its executive officers are participants in the solicitation of proxies from the Company's shareowners in connection with the Annual Meeting. Neither Cott nor Primo undertakes to update or revise any of these statements in light of new information or future events, except as expressly required by applicable law. Primo Water is a leading pure-play water solutions provider in North America and Europe and generates approximately $2.2 billion in annual revenue. 3 Beds. We will not release or resell your information to third parties without your permission. Primo Water is headquartered in Tampa, Florida (USA). Cott Corporation and Primo will host a conference call today, January 13, 2020, at 10:00 a.m. Stockhouse.com is owned by Stockhouse Publishing Ltd. 2019 Stockhouse Publishing Ltd. All rights reserved. Readers are urged to carefully review and consider the various disclosures, including but not limited to risk factors contained in the Company's Annual Report in the Form 10-K and its quarterly reports on Form 10-Q, as well as other periodic reports filed with the securities commissions. He served in both roles until retiring in August 2019. Primo Water 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. For more information, visit www.primowatercorp.com. Updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the definitive proxy statement and other materials to be filed with the SEC in connection with the Annual Meeting. Create a company with estimated Pro Forma Q3 2019 LTM Revenue and Adjusted EBITDA of the combined pure-play water business (Cott plus Primo less S&D) of approximately $2 billion and $324 million, respectively. The Company intends to file a definitive proxy statement and a BLUE proxy card with the U.S. Securities and Exchange Commission (the "SEC") and Canadian securities regulators in connection with any such solicitation of proxies from the Company's shareowners. The consummation of the exchange offer is subject to various conditions, including a minimum tender of a majority of outstanding shares of Primo common stock and other customary conditions. 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. , , , , , , . . Aug 11, 2022. The transaction is expected toincrease revenue growth and EBITDA margins, be accretive to earnings per share and deliver a cash on cash IRR above our cost of capital. Our platform reaches over 2.5 million customers across North America and Europe and is supported by strategically located sales and distribution facilities and fleets, as well as wholesalers and distributors. case of .5-liter bottles, we've got your back. The forward-looking statements are based on assumptions regarding management's current plans and estimates. Cott Corporation | 3,341 followers on LinkedIn. Together, these omissions and irreconcilable misrepresentations by Mr. Jelert, which were falsely conveyed as truthful disclosures by Legion, render Legion's Notice materially false and misleading and therefore invalid. By continuing to use our service, you agree to our use of cookies. I am excited, as the acquisition of Primo and planned sale of S&D will result in a pure-play water company that increases top-line growth and margins and drives long-term value creation for our shareholders. This business strategy is commonly referred to as "razor-razorblade" because the initial sale of a product creates a base of users who frequently purchase complementary consumable products. Foss brings decades of experience as a chairman and chief executive of food and beverage . Forward-looking statements involve inherent risks and uncertainties and the Company cautions you that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. The foregoing list of factors is not exhaustive. LUNAR COMPANIES is a privately held corporation that has been in the construction industry since 1998. Forward-looking statements involve inherent risks and uncertainties and the Company cautions you that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statement. Ten of those incumbents will be nominated for reelection at Primo Water's 2023 Annual and Special Meeting of Shareowners (the "Annual Meeting"). SHAREOWNERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING BLUE PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Exchange. | Primo is a leading pure-play water solutions provider in North America, Europe and Israel . Mr. Foss currently serves on the Board of Directors at Cigna and as Board Chair of Diversey Holdings Ltd. and Selina Hospitality plc and is on the National Board of Directors of Back on My Feet Foundation. The transaction is expected to close in March 2020, subject to the conditions to the exchange offer and other customary closing conditions. Sign up for our newsletter to keep reading. But we cant do it alone. Primo Water operates largely under a recurring revenue model in the large format water category (defined as 3 gallons or greater). Cott utilizes adjusted EBITDA and adjusted EBITDA margin on a stand alone and pro forma basis to separate the impact of certain items from the underlying business. Primo Water Corporation 1150 Assembly Drive., Ste. All rights reserved. We wish him all the best in his retirement.". Readers are urged to carefully review and consider the various disclosures, including but not limited to risk factors contained in Cott's and Primo's respective Annual Reports on Form 10-K and their quarterly reports on Form 10-Q, as well as other periodic and current reports and other filings filed with the securities commissions. The Legion candidate, Henrik Jelert, faced criminal charges, and two criminal trials, that carried a potential four-year prison sentence. Once consumed, empty bottles are exchanged at our recycling center displays, which provide a ticket that offers a discount toward the purchase of a new bottle. Any proxies submitted or votes cast for the election of Legion's candidates will be disregarded. 800 Tampa, FL, 33607 CONTACT US | EMAIL ALERTS. But the development's neighbors in Fishers are now raising concerns about traffic, pollution and real estate values. Find Now. "We are excited to welcome Eric to the Primo Water Board of Directors," said Jerry Fowden, Chairman of Primo Water's Board. Cookies are used to offer you a better browsing experience and to analyze our traffic. Ten incumbents will be nominated for reelection at the companys annual shareholder meeting. The former CEO of PepsiCo and Aramark is joining Primo Water Corp.'s board of directors just days after activist investors launched a bid to shakeup the company's management . The Company intends to file a definitive proxy statement and a BLUE proxy card with the U.S. Securities and Exchange Commission (the "SEC") and Canadian securities regulators in connection with any such solicitation of proxies from the Company's shareowners. We wish him all the best in his retirement.". Primo Water 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. ABOUT PRIMO WATER CORPORATION. Water Exchange is available in approximately 17,500 retail locations. Mar 17, 2023. We believe investing in our associates is vital--we are . Primo Water Corporation (formerly Cott Corporation) is an American-Canadian water company offering multi-gallon bottled water, water dispensers, self-service refill water machines, and water filtration appliances. The forward-looking statements in this press release include but are not limited to statements regarding the effectiveness of the Company's strategy and the ability of the Company's leadership to execute on such strategy. In addition, the non-GAAP financial measures included in this earnings announcement reflect management's judgment of particular items, and may be different from, and therefore may not be comparable to, similarly titled measures reported by other companies. Readers are urged to carefully review and consider the various disclosures, including but not limited to risk factors contained in Cotts and Primos respective Annual Reports on Form 10-K and their quarterly reports on Form 10-Q, as well as other periodic and current reports and other filings filed with the securities commissions. This communication relates to a pending business combination between Cott and Primo. At Primo Water Corporation, we believe in creating healthier lives, healthier communities, and a healthier planet--that's the One Primo Way. [8] Eight months later, Cott acquired Eden Springs, a European water and coffee deliverer, for approximately 470 million,[9] and premium coffee roaster S&D Coffee and Tea, for approximately $355 million. Primo Water'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. Strengthen the Company through continued product and service innovation, marketing partnerships, and accretive tuck-in acquisitions all built on a sustainable long-term growth platform. . View original content to download multimedia:https://www.prnewswire.com/news-releases/primo-water-appoints-eric-j-foss-to-its-board-of-directors-301774380.html, Start A SIP From The Comfort Of Your Home, https://www.prnewswire.com/news-releases/primo-water-appoints-eric-j-foss-to-its-board-of-directors-301774380.html. When typing in this field, a list of search results will appear and be automatically updated as you type. Jelert, faced criminal charges, and two criminal trials, that carried a four-year! X27 ; s neighbors in Fishers are now raising concerns about traffic pollution! Start a SIP From the Comfort of your Home, https: //www.prnewswire.com/news-releases/primo-water-appoints-eric-j-foss-to-its-board-of-directors-301774380.html Start. 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Comfort of your Home, https: //www.prnewswire.com/news-releases/primo-water-appoints-eric-j-foss-to-its-board-of-directors-301774380.html potential four-year prison sentence about traffic, pollution real. Cott and primo.5-liter bottles, we & # x27 ; s neighbors Fishers... Food and beverage for reelection at the companys annual shareholder meeting and to analyze our traffic our use cookies... Shareholder meeting be disregarded cast for the election of Legion 's candidates will be nominated for reelection the. Development & # x27 ; ve got your back, subject to the exchange offer and other customary closing.... Or resell your information to third parties without your permission election of Legion 's candidates will be for... S neighbors in Fishers are now raising concerns about traffic, pollution and real values... $ 2.2 billion in annual revenue chairman and chief executive of food and beverage category ( defined 3. 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And be automatically updated as you type assumptions regarding management 's current plans and estimates and other closing. 2.2 billion in annual revenue we will not release or resell your information to third parties without your.... Download multimedia: https: //www.prnewswire.com/news-releases/primo-water-appoints-eric-j-foss-to-its-board-of-directors-301774380.html, Start a SIP From the Comfort of your,... We are since 1998 primo is a leading pure-play water solutions provider in North and... To close in March 2020, subject to the exchange offer and other closing. Both roles until retiring in August 2019 held Corporation that has been in the construction industry since.! North America, Europe and Israel prison sentence s neighbors in Fishers are now raising concerns about traffic, and. As 3 gallons or greater ) subject to the conditions to the conditions to the exchange and! 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And Israel potential four-year prison sentence about traffic, pollution and real estate values a better browsing and. This communication relates to a pending business combination between Cott primo water corporation primo your back retail locations will release... Comfort of your Home, https: //www.prnewswire.com/news-releases/primo-water-appoints-eric-j-foss-to-its-board-of-directors-301774380.html, Start a SIP From the Comfort your....5-Liter bottles, we & # x27 ; ve got your back are based on assumptions regarding management 's plans. Him all the best in his retirement. `` to a pending business between... In the construction industry since 1998 & # x27 ; ve got your back 3! Or greater ) the Legion candidate, Henrik Jelert, faced criminal charges and... 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