Beverage firm sells coffee, tea operations for $405 million

The move continues Tampa-based Cott Corp.’s shift to a water-only company.

  • By Business Observer Staff
  • | 11:43 a.m. February 4, 2020
  • | 0 Free Articles Remaining!
Cott Corp. CEO Tom Harrington is leading the beverage company's shift toward dealing only in water. Courtesy photo.
Cott Corp. CEO Tom Harrington is leading the beverage company's shift toward dealing only in water. Courtesy photo.
  • Tampa Bay-Lakeland
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TAMPA — Cott Corp. has sold its S&D Coffee & Tea division for $405 million to North Little Rock, Ark.-based Westrock Coffee Co. LLC. The deal is expected to close in the first quarter, subject to regulatory approval.

S&D, according to a press release, dates back to 1927. It has since become a market leader in coffee and tea for foodservice and convenience store clients. It also produces extracts and ingredients.

 

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