Canadian Plastics

Cott selling beverage manufacturing business in $1.25 billion deal

Canada-based Cott is selling its bottling operation to Dutch drinks giant Refresco Corporation.

July 27, 2017   Canadian Plastics

In a move to exit the traditional beverage business, Canada-based beverage supplier Cott Corporation is selling its traditional beverage manufacturing business to Refresco Corporation for US$1.25 billion.

Cott will add 29 production sites to Refresco’s network, with 19 in the U.S., four in Canada, one in Mexico, and five in Britain.

Mississauga, Ont.-based Cott Beverages division is said to be one of the world’s largest producers of drinks on behalf of retailers, brand owners, and distributors.

In a statement, Cott said the sale will help position it to better grow its water, coffee, tea and filtration businesses both organically and with acquisitions.


“After a thorough strategic review in 2013, we developed an accelerated diversification and acquisition strategy in order to transform our company and create a business weighted towards better for you products in categories with topline growth, a more diverse channel and customer base, higher margins, and strong free cash flow generation,” Cott Corporation CEO Jerry Fowden said in a statement. “This transaction is very much in line with this strategy, and enables our traditional business to become an integral part of a larger global beverage manufacturing company that pursues the same high customer service and quality standards Cott has been known for throughout its history.”

Headquartered in Rotterdam, The Netherlands, Refresco is a leading independent bottler of soft drinks and fruit juices for retailers, with production in Benelux, Finland, France, Germany, Italy, Poland, Spain, the UK, and the U.S.


Print this page

Related Stories

Leave a Reply

Your email address will not be published. Required fields are marked *