Connect with us

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.

More Zaps Frontpage

The St. Pete Catalyst

The Catalyst honors its name by aggregating & curating the sparks that propel the St Pete engine.  It is a modern news platform, powered by community sourced content and augmented with directed coverage.  Bring your news, your perspective and your spark to the St Pete Catalyst and take your seat at the table.

Email us: spark@stpetecatalyst.com

Subscribe for Free

Share with friend

Please enter email address you want to share this article with