Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 85

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 85
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 expectations, and beliefs involving risks and uncertainties. BlueTriton’s actual results may differ materially from those anticipated in these forward-lookingstatements as a result of various known and unknown factors, including those set forth under “Risk Factors” and “Forward-LookingStatements” of this prospectus. Unless otherwise expressly stated or the context otherwise requires, references to “BlueTriton,” within this Management’s Discussion and Analysis of Financial Condition and Results of Operations of BlueTriton refer to Triton Water Parent, Inc. and its subsidiaries.

Background and Overview

BlueTriton is a leading provider of bottled water in the United States and Canada, offering an extensive portfolio of highly
recognizable, responsibly sourced national and regional spring, purified and flavored water brands. For the nine months ended September 30, 2024 and the year ended December 31, 2023, BlueTriton generated net sales of $3,755.3 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,