BlueTriton and Primo Water Announce Merger Deal

BlueTriton, the parent company of bottled water brands like Poland Spring, has agreed to an all-stock merger with Primo Water, creating a new entity with estimated synergies of $200 million and combined revenue and EBITDA of $6.5 billion and $1.3 billion, respectively. The deal, subject to approval, will see BlueTriton shareholders owning 57% of the shares, with Primo Water shareholders owning 43%, and is expected to close in the first half of 2025. The merger aims to establish a leading North American pure-play healthy hydration company with diversified offerings, significant financial presence, and enhanced distribution capabilities. Primo Water intends to pay a special dividend of up to $133 million to its shareholders prior to closing, highlighting the strategic and financial implications of the agreement.