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Cott considers getting out of the coffee business

January 9, 2020 - Cott Corp. said it is evaluating strategic alternatives for S&D Coffee and Tea, including a potential sale of the business unit. S&D is Cott's coffee, tea and extract solutions segment. A sale would transition Tampa-based Cott (NYSE: COT) into a pure-play water solutions provider, a news release said. Cott said it has hired a financial advisor as part of its strategic planning process but there's no assurance that any particular alternative will be pursued. It would be another major transition for Cott, which sold its carbonated soft drinks and juice businesses in 2018.

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