The UK / Europe (UK) reporting segment of Cott has signed an agreement to acquire privately owned Cooke Bros Holdings' subsidiaries Calypso Soft Drinks and Mr Freeze (Europe).
Calypso Soft Drinks, a privately owned soft drink and freezable business based in Wrexham, the UK, serves for the foodservice channel with a range of children's soft drinks using own source of natural mineral water and without artificial colors or flavors.
The company also offers freezables with its Jubbly, Mr Freeze and other various licensed trademark beverages.
Cott UK reporting segment director Steve Corby said this acquisition is a part of the diversification strategy of the UK reporting segment which expands the Cott portfolio with new soft drink packaging formats such as single serve Combi cartons, single serve cups and cuplets and two freezable formats.
"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," Corby added.
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."
The transaction is subject to customary conditions, including clearance from the Office of Fair Trading in UK and is expected to close in June 2013.
Cott produces a range of beverages in various packaging formats and sizes, including carbonated soft drinks, 100% shelf stable juice and juice-based products, still and sparkling flavored waters, energy products, sports products, new age beverages and ready-to-drink teas along with alcoholic beverages for brand owners.
