Company: PRMB
Filing Date: 2025-01-24
Form Type: CORRESP
Source: 0001193125-25-012417
Chunk: 4

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: CORRESP
Chunk 4
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 statement line item between periods, please quantify, where possible, the extent to which each factor contributed to the overall change in that line item, including any offsetting factors. In addition, where you identify intermediate causes of     
 changes in your operating results, also describe the reasons underlying the intermediate causes. We note your disclosures that the changes in net sales, cost of sales, segment net sales, and segment operating income were due to various factors. To 
 the extent possible, quantify the impact of each contributing factor in dollars and/or percentage, expand on the reasons driving these changes, and provide greater transparency into the material components and potential variability of your gross   
 profit and income from operations.                                                                                                                                                                                                                      |

Response:The Company respectfully notes the Staff’s comment and has revised the disclosure on pages 60 to 68 and 74. Business, page 109

| 14. | Please revise this section to more fully discuss your business and operations, including whether and how                     
 you expect these to be integrated or otherwise affected by the Transaction. Without limitation, address the following items: |

| • |     | Disclose material terms of your arrangements with suppliers, producers, distributors, and 
 customers.                                                                                |

| • |     | More fully discuss your sources of water supply, referred to on page 10 as “company-owned, leased, or                                                                                                               
 purchased natural springs at over 90 uniquely located sites.” Include information on owned versus leased sources, and identify any material dependency on single-sources and/or geographic concentration of supply. |

| • |     | Clarify the geographic locations of your operations and markets, identifying their relative importance. In 
 this regard, we note references to the United States, Canada, United Kingdom, and Israel.                  |

| • |     | Discuss the plans to expand your digital platform and e-commerce                                                                                                                                           
 methods referenced on page 12, including your expected timetable and obstacles to overcome. Further clarify the extent to which e-commence has affected or is expected to affect relationships with retail 
 customers, as referenced on page 14.                                                                                                                                                                       |

Response:The Company respectfully notes the Staff’s comment and has revised the disclosure on pages 112 to 113 and 116 to 117 to more fully discuss its business and operations. In particular, the Company has revised page 112 to clarify the geographic locations of our operations and markets are primarily located in the United States and Canada and to disclose that our net sales in the U.S. and Canada accounted for approximately 97% and 3%, respectively, of