COT - Cott Corp.: Brewing Up More Divestiture Synergies Than Promised
Image credit: Company presentation
Cott Corporation ([[COT]]) has made significant strategic strides in recent years in order to transform its business. The company is shifting from a low-margin, private label carbonated soft drink ((CSD)) supplier to a more diversified beverage company.
It started with the acquisition of DS Services in 2014. This was followed by Eden Springs (2016), S&D Coffee (2016) and Aquaterra (2016). The largest deal so far is the divestiture of its UK/North American private label drink manufacturing business to Refresco (delisted) last January. The deal has a price tag of $1.25 billion.