Primo Water Acquires Earth2O For Undisclosed Sum

Water solutions provider Primo Water Corp’s PRMW wholly-owned subsidiary, Primo Water North America, has acquired all of the assets of The Sweetwater Company, Inc., dba Earth2O, a bottled water company based in Oregon, for an undisclosed sum.
The acquisition will add about 9,000 customers to Primo Water, strengthening its footprint in the Pacific Northwest.
Earth2O sources water from Oregon's Cascade Range.
Earth2O customers will soon experience Sierra Springs, the Primo water brand in the region, and can select additional products for their orders, including sparkling water beverages from Sparkling Ice.
Primo Water held $102.2 million in cash and equivalents as of April 3, 2021.
Price action: PRMW shares are trading lower by 2.02% at $16.01 on the last check Monday.