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.
A leading manufacturer of a diverse mix of beverages for the retail trade and branded manufacturers, Cott Beverages is one of the world's largest producers of beverages on behalf of retailers, brand owners and distributors, producing various types of non-alcohol beverages in a variety of packaging formats and sizes, the company says.