Own label acquisition strengthens Cott

摘要

The Cott Corporation has signed a definitive agreement to acquire privately-held Cliffstar Corporation, the leading private label manufacturer of shelf-stable juices, for cash consideration of US$500 million, payable at closing, and subject to adjustments for working capital and other items. Founded in 1970, Cliffstar, a privately-owned corporation headquartered in Dunkirk, New York, is one of the leading suppliers of private label beverages and the largest private label producer of apple juice, grape juice, cranberry juice and juice drinks in North America.