Cott Corporation acquries DS Services of America

Cott Corporation acquries DS Services of America

Cott Corporation acquries DS Services of America

Cott Corporation, the Canadian soft-drink maker, agreed to acquire the direct-to-consumer provider of bottled water DS Services of America for $1.25 Billion.

The deal includes the assumption of debt and the issuance of preferred shares to the private equity firm Crestview Partners and from other shareholdres.

The acquisition of the parent, the DSS Group, will allow Cott to get into water and coffee home and office delivery services, water filtration services and retail services.

 “The DSS acquisition substantially accelerates our diversification strategy, bringing a strong home and office water and coffee beverage platform and direct-to-customer delivery network into our portfolio,” Jerry Fowden, Cott’s chief executive, said in a statement. “Following this acquisition, Cott will have a more growth oriented, higher margin business and a more balanced revenue and earnings base.”

On 1st March of 2014 company changed name from DS Waters of America, Inc. to DS Services of America, Inc.

Atlanta‘s DSS Group will operate as a subsidary of Cott, and will continue to be led by current CEO & President Tom Harrington.

Barclays and the law firm Paul, Weiss, Rifkind, Wharton & Garrison advised DSS. Cott was advised by Credit Suisse and the law firm Drinker Biddle & Reath.

Mr. Stakebay says:

This acquisition helps Cott Corporation to diversificate its portfolio of water and coffee beverage and better delivery to customers.

COTT CORPORATION

DS SERVICES OF AMERICA

Revenue

$ 2.094 billion (2013)

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Operating income

$ 88.6 million (2013)

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Profit

$ 22 million (2013)

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Total assets

$ 1.426 billion (2013)

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Total Equity

$ 605.9 million (2013)

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Employees

 3960 (2013)

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President and CEO of Cott Corporation …….Jerry Fowden………(2009-present)…$ 1 957 670 (2013)

CEO of DS Services of America…………Thomas J. Harrington…(1985-present)

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