S&D Coffee to be acquired by Cott Corp.
By S&D Coffee
Following the completion of the proposed transaction, S&D Coffee Inc. will be a subsidiary of Cott Corp., still operating under the S&D Coffee & Tea name. Ron Hinson, with almost 38 years with the company, will remain president and CEO of S&D, and the management team will assume the same scope and responsibilities. S&D will continue to innovate and deliver quality coffee, tea and liquid extracts. Cott, a global, multi-beverage leader, will enable further development and acceleration of S&D’s successful business model.
S&D was first created by J. Roy Davis, Sr. and Lawrence Switzer to provide fresh roasted coffee to local and regional grocery stores back in 1927. Starting in 1965, after his father’s death, J. Roy Davis, Jr. shifted the company toward independent restaurants that were dotting the landscape to capitalize on this growing demand for quality coffee and iced tea away from home. Over the years, S&D grew from a small, family-owned business to a formidable private enterprise – distinguished as the largest coffee and tea manufacturer and supplier to restaurants and convenience stores in America, according to the company.
S&D’s presence in the Concord community will remain unchanged where it houses state-of-the-art facilities and a dedicated employee base. The company anticipates making more investments in infrastructure and the workforce as business growth demands.
Cott Corp., a Canadian company headquartered in Tampa, Fla., is one of the world's largest producers of beverages on behalf of retailers, brand owners and distributors and one of the leading providers in the direct-to-consumer beverage services industry. Cott has global businesses in the office coffee services, direct to home and office water delivery and retail segments. Its broad product portfolio includes coffee, brewed tea, bottled water, carbonated soft drinks, shelf-stable juice, clear, still and sparkling flavored waters, energy and sports drinks, ready-to-drink teas as well as micro-ground coffee, hot chocolate and cereals. Cott has significant filling, packaging, delivery and service capabilities.
Deloitte Corporate Finance LLC and 7 Mile Advisors acted as joint financial advisors to S&D in connection with the acquisition by Cott.
SOURCE: S&D Coffee