Primo Water Takes Minority Stake In Sipple Hydration Stations

Sustainable drinking water solutions provider Primo Water Corp PRMW has agreed to purchase a minority interest in Sipple Hydration Stations, a network of hydration stations in the UK providing water refills. The financial terms of the deal were not disclosed.
The agreement allows Primo to participate in the UK market and to expand the Sipple Hydration Stations to other markets in Primo's footprint.
Primo held cash and equivalents of $114.2 million as of July 3, 2021.
Price Action: PRMW shares are trading lower by 0.81% at $17.11 on the last check Wednesday.

Posted In:

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.