Culligan International enters into an agreement to acquire a significant part of Primo Water International

Culligan International, a portfolio company of BDT Capital Partners, has agreed to acquire sustainable drinking water service provider Primo Water Corporation’s European business, in an all-cash transaction valued at up to $575 million. The Transaction excludes the Aimia Foods, United Kingdom, Portugal, and Israel businesses.

The transaction is expected to close by December 31, 2023, subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions.

Ellex acted as the Baltic advisor on certain aspects of the transaction, the client Culligan International was advised by Senior Partner Filips Klavins, Associate Partners Irina Rozensteina and Anete Puce-Dimitrovska and Senior Associate Ints Skaldis in Latvia, Partner Gerli Kivisoo and Senior Associate Hanna Pahk in Estonia, and Partner Jaunius Gumbis and Senior Associate Nerijus Patlabys in Lithuania.

Baker McKenzie served as international legal advisor to Culligan.

Founded in 1936 and headquartered in Rosemont, Illinois, Culligan International is a world leader in delivering premium water services and solutions that improve the health and wellness of consumers. Committed to sustainable solutions, the company offers some of the most technologically advanced water filtration and treatment services and solutions available, including water softeners, drinking water systems, and whole-house systems for homeowners and bottleless coolers for businesses. Culligan’s network of dealers and direct operations is the largest in its industry, with more than 7,500 employees and 1,000 dealers in 90 countries. Culligan’s 35+ brands serve more than 50 million consumers every year.