Cott receives E.U. clearance for purchase of Macaw Soft Drinks
April 28, 2006
by Eric Schroeder
TORONTO — Cott Corp. on Friday said its acquisition of Macaw (Soft Drinks) Ltd. has received final clearance from the U.K.’s Competition Commission.
"We are extremely pleased that this acquisition has received final regulatory clearance," said John Sheppard, president and chief executive officer of Cott. "This acquisition will help us continue to grow our U.K. carbonate and dilute-to-taste business through product innovation and enhanced customer offerings. We will also look to leverage the aseptic manufacturing expertise developed by Macaw for the benefit of other Cott divisions, as we pursue our strategy of positioning Cott for growth in non-carbonated beverages."
Cott acquired Macaw Soft Drinks, then a privately owned manufacturer of retailer brand soft drinks, on Aug. 10, 2005, for $135.1 million. Macaw’s assets include production lines for carbonated soft drinks, dilute-to-taste and aseptic beverages in manufacturing plants located in Nelson, Lancashire.