Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 278

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 278
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            |  198.2 |   |     | $            |   102.0 |   |     | $           |    — |
| Cash paid for income taxes                                                                      |     | $            |   65.9 |   |     | $            |   13.9 |   |     | $            |     0.1 |   |     | $           |    — |
| Purchases of property, plant and equipment and intangible assets included in trade payables and 
 accruals and other current liabilities                                                          |     | $            |   41.8 |   |     | $            |   46.8 |   |     | $            |    51.0 |   |     | $           |  6.7 |

The accompanying notes are an integral part of these consolidated financial statements F-18

TRITON WATER PARENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1—DESCRIPTION OF THE BUSINESS

Triton Water
Parent, Inc., and its subsidiaries, (the “Company”), produces and sells an extensive portfolio of highly recognizable and responsibly sourced national and regional spring water brands, purified national water and flavored water brands.
Brands include Arrowhead, Deer Park, Ice Mountain, Origin, Ozarka, Poland Spring,
Saratoga, Zephyrhills, Pure Life, Ac+ion, Frutitas and Splash Refresher, among others. These brands are sold through
the Company’s Retail segment (direct to wholesalers, grocery stores or other retailers) and the ReadyRefresh segment (direct-to-consumer, office and retailer
beverage delivery services). The Company is also a distributor for select third-party beverage brands through the ReadyRefresh segment. As of December 31, 2023, the Company operated twenty-eight production facilities, over fifty spring sites
and seventy-two ReadyRefresh branches.

The Company and its wholly-owned subsidiary, Triton Water Holdings,
Inc., were incorporated on February 3, 2021, for the purpose of completing the acquisition of Nestlé Waters North America Holdings, Inc. and certain assets of Nestlé Canada Inc. (“NWNA”) from Nestlé S.A. On
February 16, 2021, the Company and Nestlé S.A. entered into a Stock and Asset Purchase Agreement for the acquisition of 100% of the issued and outstanding equity interests of Nestlé Waters North America as well as the acquisition
of certain identifiable assets