"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 www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
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