[17], In July 2022, Primo Water Corporation acquired Georgia-based Highland Mountain Water for an undisclosed sum. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored water, filtration equipment, and coffee. Prior to Aramark, he was Chief Executive Officer of Pepsi Beverages Company and served as Chairman and CEO of Pepsi Bottling Group. Primo Water Corporation 1150 Assembly Drive., Ste. For more information and to learn more about Primo Water, please visit our website at www.primowater.com. There is no need for shareowners to take any action at this time. [10], On January 30, 2018, Cott sold its carbonated soft drinks and juice bottling businesses to Refresco for US$1.25 billion. Lunar Companies does foundations, slabs, other concrete work, and water/sewer installations . Because Cott uses these adjusted financial results in the management of its business, management believes this supplemental information is useful to investors for their independent evaluation and understanding of Cott's underlying business performance and the performance of its management. The forward looking statements in this press release include, but are not limited to, statements related to the ability of the parties to consummate the proposed transactions on a timely basis or at all and the satisfaction of the conditions precedent to the consummation of the proposed transactions (including a sufficient number of Primo shares being validly tendered into the exchange offer to meet the minimum condition), the completion of the anticipated financing of the transaction on a timely basis if at all and on the terms currently proposed, the anticipated timing of the proposed transactions, the expectations in respect of the financial profile of the combined company and expected synergies associated with the transactions, including the expected synergies outlined in this press release, and any contribution of Primos acquisition to Cotts performance, the risk of litigation and regulatory action related to the proposed transaction, and the potential impact the acquisition will have on Primo or Cott and other matters related to either or both of them. Ten of those incumbents will be nominated for reelection at Primo Water's 2023 Annual and Special Meeting of Shareowners (the "Annual Meeting"). CONTACT US | EMAIL ALERTS. 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. Five from the ACC, which includes Duke and N.C. 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Mr. Foss's appointment is part of the Board's ongoing refreshment process and follows a thorough search and selection initiative led by the Board's ESG and Nominating Committee with the assistance of a nationally recognized executive search firm. These items depend on highly variable factors and any such reconciliations would imply a degree of precision that would be confusing or misleading to investors. Factors that could cause actual results to differ materially from those described in this press release include, among others: risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, synergies, indebtedness, financial condition, losses and future prospects; the effect of economic, competitive, legal, governmental and technological factors on Primo Water's business; and the impact of national, regional and global events on our business, including the COVID-19 outbreak. Pick up bulk water for your dispenser while you're already at the store from a Primo Water Exchange Station. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Eric Foss served as CEO of Aramark from May 2012 and as Chairman and CEO from February 2015 until he retired in August of 2019. Accordingly, the Company will not recognize Legion's nominations at the Annual Meeting. LUNAR COMPANIES is a privately held corporation that has been in the construction industry since 1998. As a result of the acquisition, shares of Primo common stock will cease to be traded on the NASDAQ. "Eric is a respected leader, operator and public company director in consumer-driven industries and has a successful track record of driving growth and profitability. , . Cott will host an investor day on Tuesday March 24, 2020 from 1:30 p.m. Eastern Time to 4:00 p.m. Eastern Time and will incorporate financial modeling information regarding the Primo acquisition as a part of the presentations. The firm's water solutions ecosystem is . 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. Cott to Rebrand its Corporate Name to Primo Water Corporation and Assume the Ticker PRMW on the NYSE and TSX. , , . . Lakeland, Florida 33810. As previously disclosed, Stephen Halperin is retiring from the Board at the Annual Meeting as a result of having reached Primo Water's mandatory retirement age of 73. Available in 3-gallon and 5-gallon pre-filled bottles, our exchange water is purified by reverse osmosis and has added minerals for the crisp, refreshing taste you expect from Primo. [2] In 1969, the name was changed to Cott Beverages Ltd., and in 1991 to Cott Corporation. [15], On March 2, 2020, Cott completed its purchase of Primo Water Corporation for US$775 million. Following the acquisition of legacy Primo in March 2020, Cott Corporation changed its name to Primo Water Corporation. The razor in Primo Water's revenue model is its industry leading line-up of innovative water dispensers, which are sold through approximately 10,000 retail locations and online at various price points. The Company's definitive proxy statement for the 2022 Annual and Special Meeting of Shareowners contains information regarding the direct and indirect interests, by security holdings or otherwise, of the Company's directors and executive officers in the Company's securities. We believe Mr. Jelert was hopeful that Primo Water would not catch his false representation or ask him about his criminal arrest during an interview. U.S. 844.23PRIMO (237-7466) Mr. Foss brings decades of experience as a Chairman, CEO and executive officer of leading route-based businesses and beverage companies, with a proven track record of expanding scale, improving margins and driving consistent earnings growth. He was chief executive of Pepsi Beverages and chairman and chief executive of Pepsi Bottling. Company Profile PRMW. Accordingly, Purchaser has accepted payment and will promptly pay the depositary for all validly tendered shares. $357.99. The acquisition of Primo and Cotts continued transition into a pure-play water solutions provider is expected to: The acquisition of Primo meets all of our quantitative and qualitative acquisition criteria, and we expect will increase revenue growth and EBITDA margins, be accretive to earnings per share and deliver a cash on cash IRR above our cost of capital, commented Mr. Harrington. The acquisition adds further density to the distribution platform of Cott's existing North American business by adding leading scale water solutions businesses to its portfolio. Prior to Aramark, he was Chief Executive Officer of Pepsi Beverages Company and served as Chairman and CEO of Pepsi Bottling Group. from 8 AM - 9 PM ET. The first 100 customers in line will receive a mystery gift card valued at up to $200, free reusable shopping bag and a custom apron. Primo Water is a leading pure-play water solutions provider in North America and Europe and generates approximately $2.2 billion in annual revenue. Our vision at Primo Water is to become the leading brand in the pure-play water category with a unique portfolio of sustainable drinking water solutions wherever our customers live . 1:30 p.m. Eastern Time to 4:00 p.m. Eastern Time, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Primo stockholders who elected to receive the mixed consideration or tendered without a valid election will receive the mixed consideration, which consists of, Primo stockholders who elected to receive the all-cash consideration will receive, Primo stockholders who elected to receive the all-stock consideration will be subject to proration at a rate of approximately 67.4% and will receive their consideration in the form of. Factors that could cause actual results to differ materially from those described in this press release include, among others: risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, synergies, indebtedness, financial condition, losses and future prospects; the effect of economic, competitive, legal, governmental and technological factors on Primo Water's business; and the impact of national, regional and global events on our business, including the COVID-19 outbreak. Inquiries are responded to within 48 hours and only during business weekdays. This press release is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell shares, nor is it a substitute for any offer materials that the parties will file with the U.S. Securities and Exchange Commission (the SEC). Primo operates largely . We believe his expertise in scaling and optimizing businesses and building high-performance teams will serve Primo Water, its Board and its shareowners extremely well.". 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. 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. "Stephen served Primo Water with distinction for many years, and the Board and Company benefitted greatly from his deep experience, leadership and stewardship. The dispensers help increase household and business penetration which drives recurring purchases of Primo Water's razorblade offering or water solutions. Cott Corporation and Primo will host a conference call today, January 13, 2020, at 10:00 a.m. 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. Copies of the documents filed with the SEC by Cott will be available free of charge under the heading of the Investor Relations section of Cotts website atwww.cott.com/investor-relations/. "On behalf of the entire Board, I want to thank Stephen for his many contributions to Primo Water and its Board," said Mr. Fowden. Primo Water Corporation (Nasdaq: PRMW) is an environmentally and ethically responsible company with the purpose of inspiring healthier lives through better water . See Investor Survey Results, This Companys Unique Tech Gains Traction Across Multiple Segments of the Aviation Sector, NexOptic Technology Corp. Signs MOU with IntroMedic, A Global Capsule Endoscopic Imaging Corporation, Nutrition Co. Set for 2023 Revenue Growth after Tripling N.American Store Count to 11,000 Doors, EnWave (TSXV:ENW) signs R&D license agreement with Danish Technological Institute, Clearmind (CSE:CMND) submits FDA application for its CMND-100 treating alcohol use disorder, POET Technologies (TSXV:PTK) (NASDAQ:POET) Delivers First-of-its-Kind Innovation at Industry Conference, From humble beginnings to a national brand. 2.5 Baths. The foregoing list of factors is not exhaustive. 3 Beds. Primo Water Corporation to Present at the Raymond James 44th Annual Institutional Investors Conference. Information regarding subsequent changes to their holdings of the Company's securities can be found in the SEC filings on Forms 3, 4 and 5, which are available on the Company's website at https://primowatercorp.com/investors/ or through the SEC's website at www.sec.gov, and are disclosed on The System for Electronic Disclosure by Insiders (SEDI) in Canada. Additional Information and Where to Find It. The dispensers help increase household and business penetration which drives recurring purchases of Primo Water's razorblade offering or water solutions.
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