---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-000191"
form_type: "8-K"
ticker: null
cik: "0000884713"
company_name: "Primo Water Corp /CN/"
filed_at: "2024-01-02T23:59:59+00:00"
generated_at: "2026-06-07T05:40:40.042722+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Primo Water closes $575M sale of international business, appoints new CEO

## Summary
- Sold significant international operations to Culligan Group for $575M; net cash proceeds $565.9M after adjustments.
- Proceeds to repay $132M revolver; share repurchase authorization increased to $75M from $50M.
- Robbert Rietbroek named CEO effective Jan 1, 2024, receiving 232,558 RSUs vesting over two years.
- Aimia Foods, UK, Portugal, and Israel businesses excluded; to be sold in 2024.
- Pro forma shows focus on North America water business; management expects improved margins and free cash flow.

## SEC filing metadata
- accession: 0001140361-24-000191
- form_type: 8-K
- cik: 0000884713
- company_name: Primo Water Corp /CN/
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884713/000114036124000191/0001140361-24-000191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884713/000114036124000191/ef20017660_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-000191
- JSON: https://secwatch.observer/filing/0001140361-24-000191.json
- Plain text: https://secwatch.observer/filing/0001140361-24-000191.txt

## Key facts
- M&A Transactions
  Primo Water Corp /CN/ completed a disposition involving Osmosis Buyer Limited for $575.0 million (closed 2023-12-29).
  - Action: disposition
  - Counterparty: Osmosis Buyer Limited
  - Consideration: $575.0 million
  - Closing: 2023-12-29
  source text: On December 29, 2023, the Company completed the previously announced Transaction. The Transaction valued the Company’s international business (excluding the Aimia Foods, United Kingdom, Portugal, and Israel businesses) at $575.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/884713/000114036124000191/0001140361-24-000191-index.htm
- Material Agreements
  Primo Water Corp /CN/ amended Deed of Amendment with Osmosis Buyer Limited (effective 2023-12-28).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: Osmosis Buyer Limited
  - Effective: 2023-12-28
  source text: On December 28, 2023, Primo Water Corporation (the “ Company ”) and Osmosis Buyer Limited, a company incorporated in England and a subsidiary of the Culligan Group (“ Purchaser ”), entered into a Deed of Amendment (the “ Amendment ”) in respect of the previously announced Share Purchase Agreement (the “ Purchase Agreement ”) entered into between the Company and Purchaser on November 2, 2023 providing for the sale of the Company’s international business (excluding the Aimia Foods, United Kingdom, Portugal, and Israel businesses) (the “ Transaction ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/884713/000114036124000191/0001140361-24-000191-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.