Primo Water and BlueTriton Agree to Merge, Creating a Leading North American Pure-Play Healthy Hydration Company

Transformative all-stock transaction expected to present an estimated $200 millionin run-rate cost synergies

Combined company expected to have significant financial and operating leverage with $6.5 billion in Net Revenue and $1.5 billion in Adjusted EBITDA¹, including estimated synergies, for the twelve-month period ended March 31, 2024