Primo water enters into agreement to sell significant portion of its international businesses for up to $575 million in cash

Creates significant shareowner value at a premium valuation multiple agreement is the first step in exiting all of its international businesses enables focus on north america market where primo water has leadership, scale and a significant addressable customer opportunity proceeds from the transaction to be used to drive organic growth, reduce leverage, accelerate water direct tuck-in m&a, pursue water adjacencies and return capital to shareowners via share repurchases primo water believes shareowners will benefit from an improved financial profile tampa, fla. , nov. 2, 2023 /prnewswire/ - primo water corporation (nyse: prmw) (tsx: prmw) (the "company" or "primo water"), a leading provider of sustainable drinking water solutions in north america and europe, today announced that it has entered into a definitive agreement whereby culligan international ("culligan") will acquire a significant portion of primo water's international businesses in an all-cash transaction (the "transaction") valued at up to $575 million.
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