Primo Brands opens Arkansas plant to boost Mountain Valley production

Primo Brands has opened a new manufacturing plant in Arkansas, Food Dive reported on October 19. The facility is the company's first new factory since its recent merger. It will expand production capacity for its sparkling water brand Mountain Valley. [1]

According to Food Dive, the facility was built to respond to rising consumer demand for premium beverages. Data from the Beverage Marketing Corporation shows that packaged water remains the top packaged beverage in the United States by volume as shoppers choose healthy products. [1]

In market analysis on the same day, Moomoo reported that Deutsche Bank adjusted its price target for Primo Brands to 21 dollars from 25 dollars. Deutsche Bank maintained a hold rating on the company's stock. [2]