Primo Water Takes Minority Stake In Sipple Hydration Stations

Sustainable drinking water solutions provider Primo Water Corp (NYSE:PRMW) has agreed to purchase a minority interest in Sipple Hydration Stations, a network of hydration stations in the UK providing water refills. The financial terms of the deal were not disclosed.
The agreement allows Primo to participate in the UK market and to expand the Sipple Hydration Stations to other markets in Primo's footprint.
Primo held cash and equivalents of $114.2 million as of July 3, 2021.
Price Action: PRMW shares are trading lower by 0.81% at $17.11 on the last check Wednesday.