Cott Announces Acquisition Of Clearwater, Expanding Its Presence To Hungary

Cott Corporation
Cott Corporation Cott Announces Acquisition Of Clearwater Expan
Cott Corporation (CNW Group/Cott Corporation)

TORONTO and TAMPA, FL and BUDAPEST, HUNGARY, Jan. 9, 2020 /PRNewswire/ - Cott Corporation (NYSE: COT; TSX: BCB) (the "Company" or "Cott"), a leading provider of home and office bottled water delivery services in North America and Europe and a leader in custom coffee roasting for the U.S. food service industry, today announced that Cott and Eden Springs, a wholly-owned subsidiary of Cott, have acquired 100% of the shares of Hungarian company, Clearwater Kereskedelmi és Szolgáltató Korlátolt Felelősségű Társaság ("ClearWater").

Through the acquisition of ClearWater, Eden Springs will enter the Hungarian market and add approximately 14,000 machines on location. The transaction also includes intellectual property for a carbonation technology patent that will provide customers with carbonated water through water filtration dispensers and bottled water coolers. Eden Springs plans to introduce ClearWater's carbonation technology to other markets.

"ClearWater is the market leader in providing water across Hungary, with significant density in Budapest, and shares our commitment to excellence," said Antonio Alarcon, President of Eden Springs Continental Europe. "We are excited to expand our presence to Hungary and look forward to welcoming ClearWater's customers and associates to the Eden Springs family."

"Eden Springs has a strong reputation of quality and commitment to service," said Scott Nicol, owner of ClearWater. "Moving forward into 2020, in addition to our sparkling water and technology, our customers will now benefit from even more water and coffee solutions for their hydration needs."

For more information on the hydration solutions Eden Springs offers, please visit www.edensprings.com.

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 bottled water delivery industry and a leader in custom coffee roasting, blending of iced tea, and extract solutions for the U.S. foodservice industry. Our platform reaches over 2.5 million customers or delivery points across North America and Europe 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

ABOUT EDEN SPRINGS

Eden Springs is Europe's leading provider of workplace drinks solutions, offering a complete, one-stop service to meet every organization's water and coffee needs. Eden supplies integrated water and coffee service solutions to over 800,000 customers in 18 countries, including a broad range of bottle-fed water coolers, plumbed-in water coolers and small pack bottles as well as hot beverages solutions including coffee machines, high quality coffee, tea and other accessories. Eden Springs has been a part of Cott Corporation since 2016.

More in Water equipment, coolers, filters, accessories, etc.