Aimia Foods (Holdings) Limited, has signed an agreement to become part of Cott Ventures Limited, a subsidiary of Cott Beverages Limited.
Rob Unsworth, Managing Director of Aimia Foods (Holdings) Limited said: “We firmly believe that bringing the company into the Cott family will provide additional opportunities for the benefit of our employees and customers alike.”
Steve Corby, Director of Cott Ventures Limited (whose ultimate parent company is Cott Corporation (NYSE: COT; TSX:BCB)) commented:
“The Aimia Foods acquisition accelerates our diversification strategy, bringing a strong hot and cold beverage platform and multiple foodservice relationships into our portfolio. Aimia has extensive expertise in new product categories, packaging formats and trade channels, such as the packaging of powdered beverages, which we believe enhances the diversification opportunities available to the combined businesses. Aimia’s core strengths lie in the manufacturing, sale and marketing of Aimia-owned and third party licensed beverage brands, across all sectors of the U.K. market, including Foodservice, Vending, Cash & Carry and Retail. Aimia has been highly successful in maintaining strong relationships with leading brand-owners and outsourcing partners, and we look forward to continuing to build these relationships under Aimia’s current leadership team.”