Calypso Soft Drinks is a privately owned soft drink and freezable business based in Wrexham, UK.
“The Calypso Soft Drinks acquisition falls within the diversification strategy of the UK reporting segment, as it brings new soft drink packaging formats such as single-serve combi-cartons, single-serve cups and cuplets and two freezable formats into the Cott portfolio,” said Steve Corby, director of the UK reporting segment. “Calypso Soft Drinks has been highly successful in providing its customers with quality and innovation. We look forward to building on the solid foundation already established.”
Calypso Soft Drinks, with revenues of approximately $50m, has a strong presence in the foodservice channel (including schools), with an extensive range of branded children’s soft drinks that use its own source of natural mineral water and contain no artificial colours or flavours.
Additionally, Calypso Soft Drinks is the UK’s market leader in freezables with its Jubbly, Mr Freeze and other various licensed trademark offerings.
Calypso Soft Drinks CEO Peter Cooke said: “We firmly believe that bringing Calypso Soft Drinks into the Cott family will provide additional opportunities for the benefit of our employees and customers alike.”
Completion of the transaction is subject to customary conditions, including clearance from the UK’s Office of Fair Trading, and is anticipated to close in June 2013.
Source: Cott Corporation
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