TORONTO and TAMPA, FL -- Cott Corporation announced that the shareholders of Refresco Group N.V. 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).
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"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.
SOURCE Cott Corporation
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