Refresco Group $1.25 billion acquisition of Cott Beverages

Overview:

• Rotterdam-based bottling group Refresco acquired Cott Beverages - the bottling business of the Canada-based Cott Corporation - for a total consideration of $1.25 billion.
• The deal adds 29 production sites to Refresco’s network, with 19 in the United States, four in Canada, one in Mexico and five in the UK.
• The buyer has indicated it will initially finance the deal with debt and expects to issue $200 million in new shares within a year of closing.
• Barclays served as a financial adviser to Cott, while JPMorgan and KPMG acted for Refresco.

Jon Moore - Journalist