TORONTO and TAMPA, FL and BUDAPEST, HUNGARY, Jan.
9, 2020 /CNW/ - 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.
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, expected
synergies and contribution to Cott's performance, and the potential
impact the acquisition will have on Cott and related matters. The
forward-looking statements are based on assumptions regarding the
time necessary to satisfy the conditions to the closing of the
transaction and 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:
changes in expectations as to the closing of the transaction;
integration problems, delays or other related costs; and
unanticipated changes in laws, regulations, or other industry
standards affecting the companies.
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.
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SOURCE Cott Corporation