Bottled and canned carbonated beverages distributor Cott has concluded the sale of its S&D Coffee and Tea (S&D) business to Westrock Coffee Company.

Westrock Coffee Company agreed to acquire the business for $405m on a debt-free and cash-free basis last month.

S&D Coffee and Tea business has been providing custom coffee roasting and blends iced teas for foodservice and convenience stores across the US since 1927.

The company also offers a range of infused drinks, juices, syrups and cappuccinos, and is also a leader in the high growth category of extracts and ingredients.

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Cott CEO Tom Harrington said: “I would like to take this opportunity to thank Ron Hinson, CEO of S&D Coffee & Tea, and all of the management and team members of S&D who have grown this business over the years and wish them the best as they enter the next chapter in the company’s storied history.

“We will use the proceeds from the sale of S&D to complete the acquisition of Primo Water Corporation as we transition to becoming a leading pure-play water solutions provider. These transactions position us to accelerate top and bottom-line growth as well as margin expansion across our business.”

Westrock Coffee Company offers a wide range of services including coffee sourcing, roasting, packaging and distribution to its customers worldwide.

Westrock Coffee Company co-founder and CEO Scott Ford said:  “We are very pleased to complete the transaction on schedule, and our integration process is underway.

“We are focused on creating innovative, quality products for our customers while continuing our combined commitment to delivering superior customer service across the entire supply chain – from crop to cup.”

For this transaction, BMO acted as financial advisor to Cott, while Faegre Drinker Biddle & Reath acted as legal advisor.

Furthermore, Wachtell, Lipton, Rosen & Katz acted as legal advisor to Westrock Coffee Company.