Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 94

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 94
---
—Risks Related to our Customers, Suppliers, and Associates—Changes in the retail landscape, such as continued or increased development and use of private-label brands, may negatively affect our
results of operations and financial condition.”

Macroeconomic Conditions and Inflationary Environment

General macroeconomic conditions, including inflation, supply chain disruptions, and labor supply and transportation capacity, have affected
BlueTriton’s operating and product costs. However, BlueTriton has demonstrated its ability to navigate adverse macroeconomic conditions and an inflationary environment throughout fiscal years 2022, 2023 and thus far through 2024. During these
periods, BlueTriton has instituted proactive initiatives to moderate the effects of rising inflation and commodity costs while gaining scale, including price increases with its Retail customers during 2022, which has helped drive profit growth.
BlueTriton’s initiatives have also created efficiencies in its in-bound logistics and other supply chain costs that have helped offset the inflation BlueTriton experienced related to packaging,
transportation, and labor cost.

Factors Affecting Comparability of Financial Information

The Nestlé Acquisition

On
February 3, 2021, Triton Water Parent, Inc. and its wholly-owned subsidiary, Triton Water Holdings, Inc., were incorporated by affiliates of One Rock for purposes of completing the Nestlé Acquisition. On February 16, 2021,
BlueTriton entered into that certain Stock and Asset Purchase Agreement by and between Triton Water Holdings, Inc. and Nestlé S.A., pursuant to which all of the equity interests of Nestlé Waters North America Holdings, Inc. were
acquired along with the acquisition of certain assets and assumption of certain liabilities of Nestlé Canada Inc. from Nestlé S.A. The Nestlé Acquisition closed on March 31, 2021. To facilitate BlueTriton’s financial
statement presentation, BlueTriton separates its financial results into two distinct periods: “Predecessor” refers to the period up to and including March 31, 2021, the closing date of the Nestlé Acquisition, which represents
the results of the pre-Nestlé Acquisition company, and “Successor” refers to the periods after such date, which represent the results of the post-Nestlé Acquisition reorganized company.
The delineation between Predecessor and Successor periods is shown by a vertical black line on the consolidated financial statements included elsewhere in this prospectus to highlight the lack of comparability between periods. The
“