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xpand capacity and lower its unit cost while being capital lean. Due to lower U.S. raw material (bottles, caps, cartons, etc.) and labor costs, the Flexitank to U.S. strategy produces U.S. landed cost savings of approximately $4.00 per case versus the cost of importing bottled product. In 2010, following
leading bottled water markets, providing superior cost economics and multiple operating efficiencies and advantages. Isbre has identified a site on the Delaware River in Bristol, PA for construction of a U.S. bottling facility. Isbre's strategy is to focus initially on the U.S. super-premium water market (this ca
,000,000 Annual Maximum = $1,535,815 Annual Maximum I H 9 IS B kE EFTA00605080 Isbre Holding Corp. Landed Cost Differential Norway Bottling Flexitank Shipping Tanker Shipping Price to Distributor $12.25 $12.25 $12.25 Transportation Cost $3.44 $2.25 $0.51 Packaging & Bottling Cost $7
Specialty Food Stores 20 50 60 70 110 Hotels 2 20 20 20 30 Golf Clubs 0 8 8 8 8 15 EFTA00605086 The Bristol site is located on the Delaware River just north of Philadelphia, PA. Water will be unloaded into stainless steel storage tanks at the Bristol site. 441, e2 120910 ° 20 000 720E0alop
um = $1,535,815 Annual Maximum f • -a. 9 ISBRE EFTA_R1_01521663 EFTA02444741 lsbre Holding Corp. Landed Cost Differential Norway Bottling Flexitank Shipping Tanker Shipping Price to Distributor $12.25 $12.25 $12.25 Transportation Cost $3.44 $2.25 $0.51 Packaging & Bottling Cost $7
20 20 30 Golf Clubs 0 8 8 8 8 15 ISBU EFTA_R1_01521669 EFTA02444747 lsbre Holding Corp. Bristol, PA ■ The Bristol site is located on the Delaware River just north of Philadelphia, PA. Water will be unloaded into stainless steel storage tanks at the Bristol site. • 16 ISBRE EFTA_R1_01521670 EFT
xpand capacity and lower its unit cost while being capital lean. Due to lower U.S. raw material (bottles, caps, cartons, etc.) and labor costs, the Flexitank to U.S. strategy produces U.S. landed cost savings of approximately $4.00 per case versus the cost of importing bottled product. In 2010, following
leading bottled water markets, providing superior cost economics and multiple operating efficiencies and advantages. Isbre has identified a site on the Delaware River in Bristol, PA for construction of a U.S. bottling facility. Isbre's strategy is to focus initially on the U.S. super-premium water market (this ca
Entities connected to both Flexitank and the Delaware River

Norway
LOCATION
Philadelphia
LOCATIONHolding Corp.
ORGANIZATIONMid-Atlantic
LOCATIONPerrier
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PERSONISBRE
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ORGANIZATIONIsbre Holding Corp.
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LOCATIONRifkind
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LOCATIONDartmouth College
ORGANIZATIONMIT Sloan School of Management
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Harvard Business School
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Pepsi
ORGANIZATION