Primo Brands Corp
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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ITEM 2. PROPERTIES
| ITEM 2. | PROPERTIES |
|---|
Our business is supported by our extensive manufacturing and distribution network. Our manufacturing footprint encompasses 71 strategically located manufacturing and production facilities and 276 branch distribution and warehouse facilities. Our facilities are used to support our operations and are suitable and adequate to carry out our business at expected capacity for the foreseeable future. The facilities and square footage amounts noted below do not include vacant or underutilized properties.
The following table is a summary of our properties as of December 31, 2024 and excludes properties classified as discontinued operations:
| (square feet in millions) | Total | |
|---|---|---|
| Count | Sq Ft. | |
| Manufacturing and Production | ||
| Owned | 26 | 5.4 |
| Leased1 | 45 | 6.8 |
| 71 | 12.2 | |
| Branch Distribution and Warehouses | ||
| Owned | 40 | 0.7 |
| Leased1 | 236 | 8.7 |
| 276 | 9.4 | |
| Office Space | ||
| Leased1 | 7 | 0.4 |
| 7 | 0.4 | |
| Total | 354 | 22.0 |
1 Lease terms for non-owned properties expire between 2025 and 2040.
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