Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 166

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 166
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ers to Primo Water’s branch locations and increased freight costs. While transportation and labor costs for the year ended December 31, 2022 on aggregate increased by $148.7 million, offset by favorable impact of foreign exchange rates of $17.2 million, Primo Water was able to mitigate the impacts of inflation and supply chain disruptions. Primo Water’s mitigation strategies, such as price increases and cost control efforts, have provided it with the necessary flexibility to respond to the risks. While Primo Water has taken steps to minimize the impact of these increased costs, global supply chain disruption may deteriorate and inflationary pressures may increase, which could adversely affect Primo Water’s business, financial condition, results of operations, and cash flows. Credit Risk As of the date of this prospectus, Primo Water’s cash and cash equivalents were maintained at major financial institutions in the United States, and its current deposits are likely in excess of insured limits. Primo Water believes these institutions have sufficient assets and liquidity to conduct their operations in the ordinary course of business with little or no credit risk to Primo Water. Primo Water has not experienced any losses in such accounts. 111

Recent Accounting Pronouncements

Refer to Note 1 in the consolidated financial statements of Primo Water presented elsewhere in this prospectus for a summary of recently
adopted and recently issued accounting standards and their related effects or anticipated effects on Primo Water’s consolidated results of operations and financial condition.

112

BUSINESS

Our Company

We are a leading North
American branded beverage company with a focus on healthy hydration, delivering responsibly and domestically sourced diversified offerings across products, formats, channels, price points, and consumer occasions, distributed in every state and
Canada.

We have an extensive portfolio of highly recognizable, responsibly sourced and conveniently packaged branded beverages
distributed across more than 150,000 retail outlets, including established “billion-dollar brands” (which are our brands that generate more than $1 billion in annual net sales), Poland Spring and Pure Life, premium brands like
Saratoga and Mountain Valley, regional leaders such as Arrowhead, Deer Park, Ice Mountain, Ozarka, and Zephyrhills, purified brands including Primo Water and Sparkletts, and flavored and enhanced brands like AC+ION and Splash Refresher. These brands
are sold directly across retail channels, including mass food, convenience, natural, drug, wholesale, distributors and home improvement, as well as food service accounts in North America and Europe. We also operate a