Culligan International Company (Culligan), the world's leading innovator and provider of water treatment and filtration systems for more than 70 years, announced the sale of its vended water business owned and operated by Culligan Store Solutions, LLC (CSS), to Primo Water Corporation (Primo), a leader in retail water exchange and retail sales of water dispensers based in Winston-Salem, North Carolina. The sale price is $105M, and the transaction is expected to close later this year.
CSS provides self-serve retail vending of filtered drinking water, empty refillable water bottles, and store-use filtered drinking water services throughout the United States and Canada at approximately 4,500 retail locations. CSS customers primarily include large retailers such as Wal-Mart, Safeway, Meijer, Sobeys, Hy-Vee, Kroger and Target.
"We are proud of our Culligan Store Solutions business, which is strong and growing," said Mark Seals, CEO of Culligan. "We are confident that Primo will continue to provide our vended water customers with the level of service and innovation they have come to expect. The sale allows Culligan to sharpen our focus on expanding our water treatment and filtration offerings through our worldwide dealer channel and to enhance our global presence in the industrial water treatment business."
About Culligan
Culligan is recognized as the world leading innovator and provider of water treatment and filtration systems for more than 70 years. Headquartered in the Chicago area, Culligan maintains offices in 11 countries, dealers and licensees in over 90 countries, and a network of more than 700 franchise and company-owned dealers across North America. Culligan offers the most extensive water treatment product line in the world, and its solutions have been backed by the Good Housekeeping Seal, highlighted as a Consumers Digest "Best Buy" and featured on the "Designing Spaces" and "DIY: Deconstruction" national television shows. Visit www.culligan.com for more information.
Contacts:
Marcy Manning
Outlook Marketing Services
Phone: 847.398.1388
marcy@outlookmarketingsrv.com
or
Eric
Rosenthal
Senior Vice President, Marketing
Culligan
International Company
Phone: 847.430.1296
eric.rosenthal@culligan.com