Mergers and Acquisitions

Cott Beverages sold to Refresco

All-cash transaction totals $1.25 billion

Cott Corporation has announced that it is selling its Cott Beverages business to Refresco for $1.25 billion.

The transaction includes Cott’s North America, U.K. and Mexico businesses, with the exception of Cott’s RCI International and Aimia Foods divisions.

Cott Beverages produces carbonated soft drinks, juice, energy drinks and other beverages on behalf of retailers, brand owners and distributors. It has annual revenue of about $1.7 billion. Refresco is the leading independent bottler of soft drinks and fruit juices for retailers and A-brands, with an annual revenue of about $2.4 billion.

KEYWORDS: beverages food and beverage companies

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Casey Laughman is the former Editor in Chief of Food Engineering magazine. He has almost two decades’ experience as a writer and editor for mainstream and trade publications. He spent several years as a writer and editor for two news services before becoming the editor of a legal publication and managing editor of a trade magazine that covered the commercial facilities market.