Cott Corp is set to up its UK footprint with the purchase of Calypso Soft Drinks

Cott Corp is set to up its UK footprint with the purchase of Calypso Soft Drinks

Cott Corp has announced that its UK arm is set to buy the parent company of Calypso Soft Drinks in the country.

The North American group said earlier today (30 April) that it will acquire Cooke Bros Holdings Ltd via its UK & Europe reporting segment. Cooke Bros owns Calypso and Mr Freeze (Europe) Ltd. Calypso is “a privately-owned soft drink and freezable business based in Wrexham”, Cott said.

Financial details of the transaction were not disclosed.

“The Calypso Soft Drinks acquisition falls within the diversification strategy of the UK reporting segment as it brings new soft drink packaging formats such as single-serve Combi cartons, single-serve cups and cuplets and two freezable formats into the Cott portfolio,” said Steve Corby, director of Cott's UK reporting segment. “We look forward to building on the solid foundation already established.”

The transaction, which still requires clearance from the UK's Office of Fair Trading, should close in June.

Cott already owns the Old Jamaica ginger beer brand in the UK.

Earlier this year, Cott reported a strong rise in net profits for 2012, despite a slight fall in sales in the year.