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Cott sells coffee and tea business

January 31, 2020 - Cott Corp. has agreed to sell its S&D Coffee and Tea business to Westrock Coffee Company  for $405 million. The  S&D sale, along with the announcement of Cott's acquisition of Primo Water Corp. , positions Cott to be a pure-play water solutions provider, Tom Harrington, CEO of Cott, said in a news release. The S&D sale is expected to close in the first quarter of 2020. Cott (NYSE: COT), is a Tampa-based water and filtration service company that plans to change its name to Primo.

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