Refresco completes acquisition of Cott’s soft drinks business for US$1.25 billion

CANADA - Refresco, a leading producer of soft drinks and fruit juices in US and Europe, has completed the acquisition of Cott’s soft drinks business worth US$1.25 billion to become the largest independent bottler in Europe and North America. Cott has announced that the UK Competition and Markets Authority (CMA) finally approved the transaction in…

Refresco to sell aseptic PET facility to address competition concerns

NETHERLANDS - Refresco’s remedy proposal to sell its aseptic PET facility in its acquisition of Cott's bottling activities has been given a nod by the UK Competition and Markets Authority (CMA). The acquisition of Cott’s bottling activities anticipated to complete on 30 January 2018 had faced uncertainties when CMA argued that the acquisition raised potential…