M&A Deal Summary

Refresco Gerber Acquires Cott - Soft Drink Concentrate Production & RCI International Division

On February 8, 2019, Refresco Gerber acquired beverage company Cott - Soft Drink Concentrate Production & RCI International Division from Primo Water for 50M USD

Acquisition Highlights
  • This is Refresco Gerber’s 5th transaction in the Beverages sector.
  • This is Refresco Gerber’s 3rd largest (disclosed) transaction.
  • This is Refresco Gerber’s 3rd transaction in the United States.
  • This is Refresco Gerber’s 2nd transaction in Florida.

M&A Deal Summary

Date 2019-02-08
Target Cott - Soft Drink Concentrate Production & RCI International Division
Sector Beverages
Buyer(s) Refresco Gerber
Sellers(s) Primo Water
Deal Type Divestiture
Deal Value 50M USD

Target

Cott - Soft Drink Concentrate Production & RCI International Division

Tampa, Florida, United States
Cott Corp. - Soft Drink Concentrate Production & RCI International Division is a developer and manufacturer of soft drink concentrate for bottlers in more than 70 countries.

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Buyer(S) 1

Buyer

Refresco Gerber

Rotterdam, Netherlands

Category Company
Founded 1999
Sector Beverages
Employees2,500
Revenue 1.5B EUR (2013)
DESCRIPTION

Refresco Gerber is a soft-drink company provides fruit juice and soft drinks for retail private labels and ‘in contract’ manufacturing for international A-brands. Refresco Gerber was founded in 1999 and is based in Rotterdam, Netherlands.


DEAL STATS #
Overall 7 of 13
Sector (Beverages) 5 of 10
Type (Divestiture) 3 of 5
State (Florida) 2 of 2
Country (United States) 3 of 6
Year (2019) 1 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-25 Cott - Bottling Activites

Tampa, Florida, United States

Cott Corp. - Bottling Activites is a bottler of retailer brands and has a rapidly growing contract manufacturing business, representing 86% and 14% of volumes respectively. Cott has strong customer relationships and serves over 500 leading retailers and a growing number of A-brands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-12 Britvic - Three Juice Bottling Facilities

Hemel Hempstead, United Kingdom

Britvic's Three Juice Bottling Facilities includes the three juice manufacturing sites, related private label juice business, and the Fruité brand.

Buy -

Seller(S) 1

SELLER

Primo Water

Tampa, Florida, United States

Category Company
Founded 1955
Sector Beverages
Employees9,230
Revenue 1.8B USD (2023)
DESCRIPTION

Primo Water provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored water, filtration equipment, and coffee. Primo Water was founded in 1955 and is based in Tampa, Florida.


DEAL STATS #
Overall 2 of 4
Sector (Beverages) 1 of 2
Type (Divestiture) 2 of 4
State (Florida) 2 of 2
Country (United States) 2 of 4
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 Mountain Valley Spring Company

Hot Springs, Arkansas, United States

Mountain Valley Spring Company LLC is a fast-growing American brand of spring and sparkling water and is one of the most recognized home and office distribution ("HOD") brands in the United States. Mountain Valley focuses on spring water bottled in a variety of glass bottle sizes ranging from five-gallon bottles which are delivered to homes and offices throughout the U.S. to single serve sizes such as one liter, 500mL and 333mL. Over the years Mountain Valley has added sparkling and flavored sparkling water in glass bottles as well as lightweight plastic offerings for its sparkling and spring water lines. Mountain Valley is uniquely positioned as the premium American water brand and is a leader in the high growth premium bottled water branded category as well as the sparkling and flavored water categories.

Buy $79M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 WG America

Birdsboro, Pennsylvania, United States

WG America Co. (The Water Guy) is a provider of water solutions and office coffee service to residential and commercial customers. The Water Guy has become one of the largest independent distributors in the mid-Atlantic since its founding in 1990, growing its footprint and loyal customer base through organic growth and acquisitions.

Buy -