Cott sells coffee business for $405 million
February 28, 2020 - Cott Corp. has closed the previously announced sale of S&D Coffee and Tea to Westrock Coffee Company for $405 million. Cott will use the proceeds from the sale of S&D to complete the acquisition of Primo Water Corp. as the company transitions to becoming a leading pure-play water solutions provider, Tom Harrington, Cott CEO, said in a news release. Cott (NYSE: COT) is a water and filtration service company and one of the largest companies headquartered in the Tampa-St. Petersburg area.