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Cott Corp. to acquire Calypso Soft Drinks

Cott Corporation announced that its United Kingdom / Europe reporting segment signed an agreement to acquire Cooke Bros Holdings Limited, which includes the subsidiary companies Calypso Soft Drinks Limited and Mr. Freeze. Calypso Soft Drinks is a privately owned soft drink and freezable business based in Wrexham, United Kingdom. Cott said Calypso Soft Drinks, with revenues of approximately $50M, has a strong presence in the Foodservice channel, which includes schools, with an extensive range of branded children's soft drinks that use its own source of natural mineral water and contain no artificial colors or flavors. Completion of the transaction is subject to customary conditions, including clearance from the United Kingdom's Office of Fair Trading and is anticipated to close in June.