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Cott Corp., Tampa, Fla., continues its transition into a pure-play water solutions provider with its announcement that it has entered into a definitive agreement pursuant to which Cott will sell S&D Coffee and Tea to Westrock Coffee Co. LLC for $405 million on a debt free and cash free basis, subject to a customary working capital adjustment, it says.
Cott Corp., Tampa, Fla., announced that DS Services of America Inc., a wholly owned subsidiary of Cott, substantially acquired all of the assets of Roaring Spring Water.
Cott Corp., Toronto and Tampa, Fla., announced that DS Services of America Inc., a wholly owned subsidiary of Cott, substantially acquired all of the assets of WG America Co. and certain affiliated companies: The Water Guy.
Given the volume growth of packaged water, beverage manufacturers have taken notice of how consumers are reaching for hydration beverages over sweeter options, prompting them to rethink their own portfolios. This shifting sentiment caught the attention of Cott Corporation, thereby paving the way for the beverage manufacturer to create a new identity for itself.
Mississauga, Canada-based Cott Corp. announced that it has entered into a definitive agreement pursuant to which Cott will acquire Crystal Rock Holdings Inc., Watertown, Conn., for $0.97 per share in cash. The transaction, which values Crystal Rock at approximately $35 million, was unanimously approved by both the Cott and Crystal Rock Boards of Directors, the companies say.
Cott Corp., Tampa, Fla., announced that it has entered into a definitive agreement to sell its traditional beverage manufacturing business — Cott Beverages — to Refresco, the Netherlands, for $1.25 billion. The transaction includes Cott's North America, United Kingdom and Mexico businesses and excludes the RCI International division and its associated concentrate facility as well as the Aimia Foods division.