TORONTO and TAMPA, FL, Sept. 5,
2017 /CNW/ - Cott Corporation (NYSE:COT; TSX:BCB) today
announced that the shareholders of Refresco Group N.V. (Euronext:
RFRG) have approved the previously announced acquisition of
Cott's traditional beverage manufacturing business ("Cott
Beverages") for USD $1.25 billion in
cash. The transaction includes Cott's
North America, U.K., and
Mexico traditional businesses
(excluding the RCI International division and its associated
concentrate facility as well as the Aimia Foods division).
"We are pleased with the Refresco shareholders' vote in favor of
the transaction," commented Jerry
Fowden, Cott's Chief Executive Officer. "This vote
brings us one step closer to completing the sale of our traditional
business, and I am excited about the growth opportunities that lie
ahead for our water, coffee, tea and filtration services
businesses," continued Mr. Fowden.
The acquisition is expected to close by the end of 2017, subject
to the satisfaction of the remaining closing conditions, including
regulatory approvals.
"NEW COTT" MODELING CONFERENCE CALL
Cott Corporation will host a conference call on Monday, September 25, 2017, at 10 a.m. EST, to discuss the financial reporting
of the business prior to closing as well as to provide modeling
information on the expectations of the new business, which can be
accessed as follows:
North America: (888)
231-8191
United Kingdom: 0-800-051-7107
International: (647) 427-7450
Conference ID: 79558487
A live audio webcast will be available through Cott's website at
http://www.cott.com along with a copy of the slide presentation
that will be used on the call. The conference call will be recorded
and archived for playback on the investor relations section of the
website for a period of two weeks following the event.
ABOUT COTT CORPORATION
Cott is a diversified beverage company with a leading
volume-based national presence in the North America and European home and office
bottled water delivery industry, a leader in custom coffee roasting
and blending of iced tea for the U.S. foodservice industry, and a
leader in the production of beverages on behalf of retailers, brand
owners, and distributors. Our platform reaches over 2.3
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.
Safe Harbor Statements
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 conveying management's expectations as to the future
based on plans, estimates and projections at the time Cott makes
the statements. Forward-looking statements involve inherent risks
and uncertainties and Cott cautions you that a number of important
factors could cause actual results to differ materially from those
contained in any such forward-looking statement. The
forward-looking statements contained in this press release include,
but are not limited to, statements related to the completion of the
transaction on the terms proposed, the anticipated timing of the
transaction, the potential impact the acquisition will have on Cott
and related matters, and the execution of our strategic priorities.
The forward-looking statements are based on assumptions regarding
management's current plans and estimates. Management believes these
assumptions to be reasonable but there is no assurance that they
will prove to be accurate.
Factors that could cause actual results to differ materially
from those described in this press release include, among others:
the satisfaction of the conditions to the transaction and other
risks related to the completion of the transaction and actions
related thereto; Cott's and Refresco's ability to complete the
transaction on the anticipated terms and schedule, including the
ability to obtain regulatory approvals; risks relating to any
unforeseen changes to or effects on liabilities, future capital
expenditures, revenues, expenses, earnings, synergies,
indebtedness, financial condition, losses and future prospects; the
risk that disruptions from the transaction will harm Cott's
business; and the effect of economic, competitive, legal,
governmental and technological factors on Cott's business
The foregoing list of factors is not exhaustive. 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
Annual Report on Form 10-K and its quarterly reports on Form 10-Q,
as well as other filings 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.
Website: www.cott.com
SOURCE Cott Corporation