Profile: Primo Water Corp (PRMW.OQ)
29 Jul 2016
Primo Water Corporation, incorporated on October 20, 2004, is a provider of multi-gallon purified bottled water, self-service refill water and water dispensers. The Company's products are sold through various retailers in the United States and Canada. The Company conducts its operations through two segments: Primo Water (Water) and Primo Dispensers (Dispensers). The Water segment consists of the sale of multi-gallon purified bottled water (Exchange) and its self-service filtered drinking water (Refill). The Dispensers segment sells water dispensers that are designed to dispense Primo and other dispenser-compatible bottled water. The Company's products are offered in each of the United States and in Canada at approximately 25,700 combined retail locations, including Lowe's Home Improvement, Walmart, The Home Depot, Kmart, Meijer, Kroger, Food Lion, H-E-B Grocery, Sobeys and Walgreens. Exchange and Refill provide consumers the ability of either exchanging empty bottles and purchasing full bottles or refilling the empty bottles at any participating retailer.
The Company sources three- and five-gallon water bottles from various independent vendors for use in Exchange. Each of the Company's Primo water bottles includes a handle designed for transportation and lifting when installing the bottle onto or into one of its water dispensers. Its bottles also include a specially designed cap that prevents spills when carrying or installing. For Refill, the Company offers empty reusable one-, two-, three- and five-gallon bottles for a sales display that typically accompany its self-service filtered water display, which are sourced from various manufacturers. The Company sources and markets approximately two lines of water dispensers, consisting of over 40 models.
The Company competes with Nestle, Glacier Water Services, Inc., The Coca-Cola Company, PepsiCo and Dr Pepper Snapple Group.
Primo Water Corp
101 N Cherry St Ste 501
WINSTON SALEM NC 27101-4013