Cott closes $1.25 bln purchase of Crestview Partners' DSS
Cott Corp (TSX: BCB) (NYSE: COT) has closed its previously announced buy of DSS Group Inc, the parent company to DS Services of America Inc, a water and coffee direct-to-consumer services provider in the United States. The final purchase price was US$1.25 billion. The deal gives an exit to U.S. private equity firm Crestview Partners, which invested in DS Services last year. Cott, a producer of beverages with offices in Toronto and Tampa, Florida, said the acquisition extends its portfolio into new and growing markets and broadens its distribution platform.
15 December 2014•5 mins read
