Cott buys S&D Coffee and Tea

Canadian contract beverage manufacturer Cott Corporation, has announced the purchase of US–based S&D Coffee and Tea in a deal worth US$355 million. The deal will see S&D, which focuses on roasting coffee for the hospitality, convenience store and office markets in the US, become a subsidiary of Cott, while retaining its existing brand identity. The deal will also see S&D’s President and CEO, Ron Hinson, and the company’s leadership team, remain in place to guide the company under its new ownership. “This is an exciting new chapter in our storied, 89-year history,” Hinson said in a statement. “Cott is a global, multi-beverage leader – and through key synergies in technology, supply chain, products, distribution channels and markets, S&D will be more equipped than ever to deliver for our customers.”