Cott Corp. Sells Destination Products International To Management Team.TORONTO--(BUSINESS WIRE)--May 20, 1999-- Cott Corp. (Nasdaq:COTTF), (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :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 .)(ME:BCB.) announced today that it has sold its Destination Products International unit to a Management buyout Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. team. DPI (Dots Per Inch) The measurement of the resolution of display and printing systems. A typical CRT screen provides 96 dpi, which provides 9,216 dots per square inch (96x96). Flat panel displays from 110 to 200 dpi have also been developed. has been a part of Cott Corp. since 1995. Full terms of the agreement were not disclosed. Frank E. Weise, Cott president and chief executive officer said, "As previously announced, divesting non-core assets will help us concentrate on our core beverage operations. We value the contributions made by the DPI team and wish them success in the future." DPI is a leading developer and distributor of premium quality retailer branded meal solutions in the frozen food category to some of the largest grocery chains in the U.S. Frank Galati Frank Galati (born 1943 in Highland Park, Illinois) is a Tony Award-winning writer, director, and actor. He is a member of Steppenwolf Theatre Company, an associate director at Goodman Theatre, and a professor of performance at Northwestern University. , DPI president said, "We have a very experienced team of food industry executives who are dedicated to expanding our broad line of products and assisting our customers in their innovative private label programs." Cott is the world's largest retailer brand beverage supplier, with major manufacturing facilities in its three core markets of Canada, the U.S. and the U.K. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion