COTT ACQUIRES U.K. BOTTLER.TORONTO--(BUSINESS WIRE)--Dec. 4, 1995--Cott Corporation (NNM NNM Network Node Manager NNM NASDAQ National Market (financial) NNM National Nutrition Month (March; American Dietetic Association) NNM Naryan-Mar (Russia) NNM Net New Money :COTTF, TSE/ME:BCB BCB Banco Central do Brasil (Brazil's central bank) BCB Borland C++ Builder BCB Bangladesh Cricket Board BCB Benzocyclobutene (low loss dielectric substrate) BCB Bumiputra-Commerce Bank BCB Broadcast Band ) announced today that its U.K. subsidiary, Cott Retail Brands Limited, has acquired 100% of the share capital of Crystal Drinks Limited. Crystal is a PET filling operation based in Featherstone This article is about the Yorkshire town. For other references, see Featherstone (disambiguation). Featherstone Featherstone is a town in the City of Wakefield district, in West Yorkshire, England. , Yorkshire Yorkshire, former county, N England. In 1974, Yorkshire was divided into the nonmetropolitan counties of Humberside, Cleveland, North Yorkshire, and partially into the metropolitan county of West Yorkshire. All but North Yorkshire have since been dissolved. , approximately three miles from Cott's existing Pontefract Pontefract (pŏn`tĭfrăkt, pŭm`frĭt), town (1991 pop. 28,621), Wakefield metropolitan district, N England. It is an industrial city; furniture, iron products, and textiles are made. Pomfret cakes are licorice lozenges made there. facility. Crystal's twelve million cases of PET filling capacity, combined with Cott's recently commissioned PET line in its Pontefract facility is expected to make Cott virtually self sufficient in PET filling over the coming year. Crystal's sales in the year ending January 31, 1996 are expected to approximate #17 million. The vendors of Crystal are the three owner - directors, who are staying with the business and are joining the management team of Cott in the U.K. Approximately 75% of Crystal's sales are under retailer's own brands. This acquisition is in keeping with Cott's recently stated intent to focus on the U.K. market as part of its core soft drink business as well as its objective of continuing to lower production costs. Cott Corporation is the largest supplier of premium quality, retailer branded soft drinks in the world, with more than 100 customers in 14 countries. CONTACT: Cott Corporation Bill Smith, Treasurer 416/203-3898 |
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