Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 89

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 89
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3 million
and $4,698.7 million, respectively. BlueTriton’s portfolio of brands includes Arrowhead, Deer Park, Ice Mountain, Origin, Ozarka, Poland Spring, Saratoga, Zephyrhills, Pure Life, Ac+ion, and Splash Refresher, among others.
BlueTriton’s brands are sold primarily through retail channels, including club stores, mass merchandisers, supermarkets, convenience stores, and foodservice locations, among others, which accounted for $2,866.8 million in net sales in the
nine months ended September 30, 2024 and $2,762.2 million in net sales in the nine months ended September 30, 2023. In addition to BlueTriton’s retail segment (“Retail”), BlueTriton also operated ReadyRefresh, a leading
direct-to-consumer home and office beverage delivery service, which generated $888.5 million in net sales in the nine months ended September 30, 2024 and
$850.5 million of net sales in the nine months ended September 30, 2023. The ReadyRefresh segment primarily delivered large format reusable or refillable versions of BlueTriton’s national and regional spring and purified water brands
directly to homes, offices, and businesses as well as retailers through an extensive distribution network across the United States. While BlueTriton’s business is predominantly located within the United States, it also serves retail customers
in Canada through its Canadian operations. For additional information regarding BlueTriton’s segments, see Note 18, “Segments,” to BlueTriton’s audited consolidated financial statements included elsewhere in this prospectus.

Recent Developments

The Transaction

At Closing, we consummated the transactions contemplated by the Arrangement Agreement by and among the Company, Primo Water,
BlueTriton, Merger Sub, and Amalgamation Sub. The transactions pursuant to the Arrangement Agreement included the following: (i) Amalgamation Sub completed the Arrangement, whereby it acquired all of the issued and outstanding Primo Shares that
were outstanding immediately prior to the Effective Time (other than any Primo Shares held by Amalgamation Sub or any of its affiliates) in exchange for shares of our Class A common stock on a 1:1 basis, resulting in former Primo Shareowners
and former holders of Primo Equity Awards holding shares of Class A common stock representing approximately 43% of the Fully Diluted Shares,