Primo Water shareholders have approved the company’s merger with an affiliate of BlueTriton Brands.

At the company's 'special meeting' held on Monday, 04 November, nearly 99.9% of the votes cast supported the business combination, representing 89.2% of Primo Water’s outstanding shares as of 1 October 2024.

The announcement was first made in June 2024, where Primo Water and a BlueTriton affiliate have agreed to merge in an all-stock deal approved unanimously by both boards to create "a leading North American healthy hydration company".

Following the closure, the company will rebrand as Primo Brands Corporation and adopt the ticker symbol "PRMB".

Jerry Fowden, chairman of the board of Primo Water, said: "The decisive 99.9% shareowner vote in favour of our pending business combination with BlueTriton Brands underscores the confidence our shareowners have in the combined company's future. We look forward to closing the merger on 8 November and to beginning this next chapter together as Primo Brands."

Robbert Rietbroek, CEO of Primo Water, added: "With this merger, we will bring together the best of both companies, the power of our teams, premier, sustainably and domestically sourced brands, and our service offerings, to form Primo Brands. This new name reflects our shared vision as a leading North American branded beverage company with a focus on healthy hydration. Together, with an iconic portfolio of brands and operational strength, we believe we are well-positioned to drive growth and deliver long-term value for our stakeholders."

The merger is expected to close on 8 November 2024, pending final court approval and the satisfaction of other customary conditions.

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