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Cott to buy Eden Springs for $525m

DBR Staff Writer Published 08 June 2016

US soft drinks manufacturer Cott has agreed to acquire coffee solutions provider Eden Springs for about €470m ($525m).

Eden

The acquisition, which is subject to regulatory approvals and customary closing conditions, is expected to be completed in third quarter of this year.

Eden, which is held by investment funds affiliated with Rhone Capital, offers workplace drinks solutions with a complete, one-stop service to meet water and coffee requirements of organizations.

The company has a customer base consisting of more than 800,000 business and private customers in 18 countries.

Eden offers a range of office coffee solutions for today's customer requirements. The company partners with several brands and businesses across the coffee market including Lavazza, Nestle and Mars.

Eden Springs CEO Raanan Zilberman will continue to lead and develop the company, with a focus on investments in organic growth, portfolio expansion and tuck-on acquisitions.

The acquisition will create a worldwide water and coffee services platform.

Zilberman said: "We plan to extend the opportunities from commercial & operational synergies of the enlarged group, to our installed base of almost one million, and our 3200 employees in Europe.

"The new merger will provide an even stronger platform for our business, including the expansion of our portfolio & services."

Cott CEO Jerry Fowden said: "The acquisition is a great step in Cott's strategy to pursue opportunities in the home and office water delivery, office coffee and tea services and filtration categories where we believe our platform, operating strength and synergies can be leveraged."


Image: Coffee by Eden. Photo: courtesy of Eden Springs.