Mountain Valley Spring to price initial public offering of its stock

Company seeks to merge manufacturing facilities into a single facility

By Devika Patel

Knoxville, Tenn., Dec. 2 - Mountain Valley Spring Co. will price its initial public offering of common stock, according to a Form S-1 filed Friday with the Securities and Exchange Commission. The company expects its shares will trade on the Nasdaq under the symbol "WATR."

Rodman & Renshaw, LLC is the underwriter.

Proceeds will be used to expand the company's marketing and sales efforts, acquire additional equipment and enhance optimization of its bottling facility, merge the Hot Springs and Little Rock PET manufacturing facilities into a single facility in Hot Springs and for working capital and general corporate purposes.

Mountain Valley Spring is a bottled water distributor based in Hot Springs, Ark.

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