Cott Announces Evaluation Of Strategic Alternatives To Its Coffee, Tea And Extract Solutions Segment To Enhance Shareholder Value

Jan. 8, 2020
Cott Corporation
Cott Corporation today announced that, as part of the Company's strategic planning process, it is evaluating certain strategic alternatives for S&D Coffee and Tea, including a sale of S&D, to transition Cott into a pure-play water solutions provider.
Cott Corporation today announced that, as part of the Company's strategic planning process, it is evaluating certain strategic alternatives for S&D Coffee and Tea, including a sale of S&D, to transition Cott into a pure-play water solutions provider.

TORONTO and TAMPA, FL, Jan. 8, 2020 /PRNewswire/ - Cott Corporation (NYSE:COT; TSX:BCB) (the "Company" or "Cott"), today announced that, as part of the Company's strategic planning process, it is evaluating certain strategic alternatives for S&D Coffee and Tea ("S&D"), including a sale of S&D, to transition Cott into a pure-play water solutions provider. S&D is the U.S. market leader in custom coffee roasting and the largest blender of iced teas for food service and convenience stores in the United States. S&D is also a leader in the high growth category of extracts and ingredients. 

Cott has engaged a financial advisor as part of its strategic planning process to assist it in evaluating whether there are alternatives available to Cott's Coffee, Tea and Extract Solutions operating segment that would either complement its strategy of organic growth or otherwise enhance shareholder value. There can be no assurance that any particular alternative will be pursued. Cott does not propose to comment further on these matters unless disclosure thereof is warranted.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements involve inherent risks and uncertainties and Cott cautions you that a number of important factors could affect actual outcomes. The forward-looking statements contained in this press release include those relating to future plans for aspects of Cott's business. There can be no assurance that Cott will successfully identify, pursue or consummate any alternative that enhances shareowner value.  Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Readers are urged to carefully review and consider the various disclosures, including but not limited to risk factors contained in Cott's most recent Annual Report on Form 10-K and its quarterly reports on Form 10-Q, as well as other periodic reports filed with the securities commissions. Cott does not undertake to update or revise any of these statements in light of new information or future events, except as expressly required by applicable law.

ABOUT COTT CORPORATION

Cott is a water, coffee, tea, extracts and filtration service company with a leading volume-based national presence in the North American and European home and office delivery industry for bottled water, and a leader in custom coffee roasting, iced tea blending, and extract solutions for the U.S. foodservice industry.  Our platform reaches over 2.5 million customers across North America and Europe and is supported by strategically located sales and distribution facilities and fleets, as well as wholesalers and distributors.  This enables us to efficiently service residences, businesses, restaurant chains, hotels and motels, small and large retailers and healthcare facilities

Website: www.cott.com.

Related

CNW Group/Cott Corporation
PureFlo filtration solution from DS Services, a Cott Corp subsidiary
Water equipment, coolers, filters, accessories, etc.

Cott Announces Launch Of PureFlo®, An IoT Enabled Water Filtration System

Jan. 3, 2020
LOS ANGELES, Jan. 2, 2020 /PRNewswire/ - Cott Corporation (NYSE:COT; TSX:BCB) (the "Company" or "Cott"), a leading provider of home and office bottled water delivery services ...
PRNewsfoto/S&D Coffee & Tea
S&D Coffee & Tea, a subsidiary of Cott Corporation, is the largest coffee and tea manufacturer and supplier to restaurants and convenience stores in America. S&D is also a leading producer of liquid extracts.
Coffee, tea and hot beverage

New Sustainability Report from S&D Coffee & Tea® Demonstrates Significant Progress

Dec. 5, 2019
CONCORD, N.C., Dec. 3, 2019 /PRNewswire/ -- S&D Coffee & Tea® has released its 2019 Sustainability Report, Rooted in Impact, summarizing efforts and progress made throughout 2017...
Cott Corporation
Cott Corporation has announced DS Services of America, Inc., a wholly-owned subsidiary of Cott, acquired substantially all of the assets of WG America Company.
Coffee, tea and hot beverage

Cott Announces Agreement To Acquire The Water Guy®, Strengthening Its Customer Base In The Mid-Atlantic

Nov. 18, 2019
TORONTO and TAMPA, FL , Nov. 18, 2019 /PRNewswire/ - Cott Corporation (NYSE: COT; TSX: BCB) (the "Company" or "Cott"), a leading provider of home and office bottled water delivery...