CHARLOTTE, N.C., Aug. 11, 2016 /PRNewswire/ -- Deloitte
Corporate Finance LLC (DCF) acted as financial advisor to
Concord, North Carolina-based
S&D Coffee, Inc. (S&D) on its sale to Cott Corporation
(Cott). A leading manufacturer and distributor of coffees,
teas, specialty beverages, extracts and ingredients to the
foodservice industry, S&D engaged DCF to explore a strategic
sale of the company. The deal closed on Aug.
11, 2016.
With Cott's national distribution network, established industry
relationships and broad procurement and manufacturing capabilities,
the transaction will support S&D's continued expansion within
the foodservice industry and across the company's diverse portfolio
of beverage products. S&D's experience in the coffee and tea
manufacturing industry and track record of strong, sustainable
growth served as key rationales for the acquisition.
"We could not be more pleased by what the future holds for our
stakeholders, including employees and customers, due to this new
strategic combination," said Ron
Hinson, chairman, president and CEO of S&D. "The
synergies S&D has with Cott, whether technology, supply chain,
product, distribution channels and markets, are abundantly clear.
DCF was instrumental in guiding us through the transaction, and we
were impressed with their work ethic, industry knowledge and
ability to position our leadership team for success in all aspects
of the process."
"S&D's reputation within the foodservice industry is a
testament to the Davis family's and S&D management team's
dedication and leadership," said Lorin DeMordaunt, managing
director, DCF. "We were excited to advise them throughout the deal
process. Helping S&D partner with a global beverage player that
can position the company to address evolving industry demands and
continue a long legacy of growth was rewarding."
About S&D Coffee, Inc.
Founded in 1927 and
headquartered in Concord, North
Carolina, S&D is the largest coffee and tea supplier to
restaurants in the United States.
S&D offers over 3,000 different products and serves over
100,000 customers through national distribution and direct store
delivery. S&D consistently produces high-quality beverages
utilizing state-of-the-art manufacturing and processing techniques,
while effectively sourcing the finest raw ingredients for coffee
and tea products. S&D possesses dedicated coffee and tea
manufacturing capabilities and proprietary extracts and ingredients
technology. For more information, visit
www.sdcoffeetea.com.
About Cott Corporation
With the acquisitions of DS
Services of America Inc. and Eden
Springs, Cott has combined leading providers in the
direct-to-consumer beverage services industry with its traditional
business, one of the world's largest producers of beverages on
behalf of retailers, brand owners and distributors. Cott now has
the largest volume-based national presence in the North American
and European home and office delivery industry for bottled water
and one of the five largest national market share positions in the
U.S. and Europe office coffee
services and filtration services industries. Cott reaches over 2.3
million customers through routes located across North America and Europe supported by national sales and
distribution facilities, and fleet. Cott's broad portfolio allows
it to offer, on a direct-to-consumer basis, a variety of bottled
water, coffee, brewed tea, water dispensers, coffee and tea brewers
and filtration equipment. Cott has operations in the USA, Canada,
Mexico, U.K., France, Spain, Portugal, Switzerland, Luxembourg, Germany, Netherlands, Denmark, Norway, Sweden, Poland, Finland, Estonia, Latvia, Lithuania, Russia and Israel. For more information, visit
www.cott.com.
About Deloitte Corporate Finance LLC
Deloitte
Corporate Finance LLC (DCF) provides strategic advisory services
and M&A advice that help corporate, entrepreneurial, and
private equity clients create and act upon opportunities for
liquidity, growth, and long-term advantage. With an in-depth
understanding of the marketplace and access to a global network of
investment bankers, we help clients confidently pursue strategic
transactions in both domestic and global markets. DCF, together
with the Corporate Finance Advisory practices within the Deloitte
Touche Tohmatsu Limited network of member firms, include in excess
of 1,900 professionals, who work collaboratively across 150
international locations. With our significant experience providing
investment banking services across key industries, we are able to
offer our clients solutions that help them to achieve their
strategic objectives. For more information, visit
www.investmentbanking.deloitte.com.
Prior engagement performance is no guarantee of future
performance and may not be representative of the experience of
other clients. This communication is for informational purposes
only and is not intended as an offer or solicitation for the
purchase or sale of a security.
Deloitte Corporate Finance LLC, an SEC registered broker-dealer
and member of FINRA and SIPC, is an indirect wholly-owned
subsidiary of Deloitte Financial Advisory Services LLP and
affiliate of Deloitte Transactions and Business Analytics LLP.
Investment banking products and services within the United States are offered exclusively
through Deloitte Corporate Finance LLC. For more information, visit
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regulations of public accounting.
For media inquiries, please contact:
Lauren Hallman
Public
Relations
Deloitte
+ 1 215 282 1213
lahallman@deloitte.com
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