Cott, an American beverage and food service company, competed the acquisition of Primo Water, a single source provider of multi-gallon purified bottled water, self-service refill water and water dispensers, for $775m. "This combination of two highly recognized water companies creates compelling value for all stakeholders, including our customers, employees, shareholders and suppliers. The newly created company will have approximately $2bn in combined water sales and a presence in 21 countries worldwide. We are excited about the opportunity to provide sustainable hydration solutions to more people than either company could have done alone," Billy D. Prim, Primo interim CEO and Executive Chairman.