Cott considers sale of tea and coffee business
Cott Corporation 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. S&D is the U.S. market leader in custom coffee roasting and the largest blender of iced teas for foodservice 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.