Primo Water North America, a wholly-owned subsidiary of Primo Water Corporation, has acquired the Texas and Tennessee assets of bottled water firm Mountain Glacier.
Established in 2006 in Indiana, Mountain Glacier serves bottled water under its private-label to both residential and commercial customers, as well as filtered water dispensers and office coffee products. In recent years, the business has expanded to other regions including areas in Indiana, Tennessee and Texas.
Following the transaction, Primo Water will gain more than 2,500 customers. With a presence in North America and Europe, Primo is a provider of water direct to consumers and water filtration services, in addition to water dispensers, purified bottled water and self-service refill drinking water.
As a result of the deal, customers of Mountain Glacier will gain access to the respective Primo Water North America brands in each region; Crystal Spring in Nashville, Tennessee and Sparkletts in Harlingen, Texas.
Both regional customers will have the ability to select additional products for their orders, including premium water products such as Mountain Valley Spring and sparkling water beverages from Sparkling Ice where available.
“It is because of this shared vision for sustainable hydration and premier service that we are excited to add Mountain Glacier’s Nashville and Harlingen routes to our national Primo brand. Mountain Glacier also possesses a small but growing filtration business – a key area of focus for future growth for Primo,” said Dave Muscato, president of Primo Water North America.
Jay Peterson, president of Mountain Glacier, added: “Primo Water North America’s technology, people and expanded product offerings are a natural fit for our Tennessee and Texas customers. We are confident these markets are in capable hands and are excited to see them grow under Primo Water North America’s leadership.”
In January, Cott Corporation entered into an agreement to acquire Primo Water Corporation, in a transaction that valued Primo at approximately $775 million. The deal later closed in March.
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