COT - This Acquisition Could Create a Compelling Water Purification Business
Cott (NYSE: COT) was once a leading provider of beverages including hot drinks like coffee, tea, hot chocolate, and malt drinks, as well as a manufacturer and distributor of carbonated beverages. But for the past few years, it has been moving into the purified water business. Its latest step is the recently announced purchase of Primo Water (NASDAQ: PRMW).
Primo is the largest seller of water dispensers, the largest provider of purified bottled water for consumers, and has the largest self-service water refill business in North America. After a final sale of Cott's S&D coffee and tea business, this combination, which will be named Primo Water Corp., will be a pure-play on water purification with an international footprint.
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