Cott buys Hungarian firm
January 10, 2020 - Cott Corp., a Tampa-based beverage company, has acquired ClearWater Kereskedelmi és Szolgáltató Korlátolt Felelősségű Társaság, a Hungarian water provider. The deal gives Cott subsidiary Eden Springs an entree into the Hungarian market, a news release said. The transaction also includes intellectual property for a carbonation technology patent that will provide customers with carbonated water through water filtration dispensers and bottled water coolers. Eden Springs plans to introduce ClearWater's carbonation technology to other markets. Financial terms were not disclosed. The deal comes as Cott considers a move to become a pure-play water solutions provider.