Primo Water, expert in reverse osmosis processes for drinking water, is closing several facilities throughout the United States and has awarded the company Rabin, a multi-generational business specializing in industrial asset sales, the sale of its equipment and assets. We speak with Rabin’s President, Richard Reese, about the future auction of Primo Water’s hardware.
Question: Primo Water is closing over 15 facilities throughout the United States and selling its equipment and assets. Can you tell us a bit more about the equipment being sold?
Answer: Primo is discontinuing the bottling of water in 1-gallon jugs at (15) operating facilities. The equipment being sold are (15) complete bottled water filling lines, which include components from empty bottle debagging systems through case palletizing systems. Within each line are Federal & Fogg rotary fillers, labelers, case erecting and packing stations, plus automatic case palletizing and pallet wrapping systems
Q: Primo Water looks to reduce plastic and provide safer water for all. What are the advantages of its equipment for other water companies?
A: We have been told the company wants to focus on 5-gallon bottled water production, which they continue to do at the (15) facilities in question. Two major advantages for other bottled water companies… i) at the first 9 upcoming auctions (schedule in paragraph 5), there are many late model machines, some as new as 2021. Water bottlers looking to upgrade could see savings of up to 35% of current cost; and ii) considering the delivery of new equipment currently takes up to 12 months, if not longer, end users can immediately fulfill their equipment needs and huge discounts.
Q: Where in the U.S. is Primo Water selling its equipment?
A: The promotion of the auction is already in play throughout the western hemisphere, as well as Africa, the Middle East, and the Far East. We have already received inquiries from several South American beverage companies
Q: What companies could be interested in Primo Water’s equipment and assets?
A: All the components of the (15) lines could be considered flexible and utilized in the dairy and beverage industries, food processing and packaging industries, not to mention automotive and household cleaning industries (same equipment that packages 1-gallon jugs of windshield washing fluid and DEF (diesel emission fluid).
Q: Could you tell us about the auction schedule?
August 10th & 11th
- Culver Oregon (includes blow molding operation)
- Salt Lake City, UT
- Kent WA
- Denver CO
- Santa Ana CA
- Sacramento CA
- Phoenix AZ
- Atlanta GA
August 24th & 25th
- Katy (Houston) TX
- Kentwood LO
- Ft. Lauderdale FL
- Orlando FL
- Kansas City KS
- Chicago IL
- Carnegie PA
Learn more about the auctions in Rabin's website.
