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The Globe and Mail

Cliffstar acquisition helps boost Cott's revenue 26%

A November, 2009, file photo of Cott Corp.'s bottling plant in Toronto.

Fernando Morales/The Globe and Mail/Fernando Morales/The Globe and Mail

Carbonated drink maker Cott Corp. nearly tripled its third-quarter profit, as the soft drink and beverage maker's revenue increased by 26 per cent over the same time last year with the help of a recent acquisition.

Cott's net income, reported in U.S. dollars, was $16-million or 17 cents per share, up from $6-million or 7 cents per share in the third quarter of 2010.

Adjusted net income, which excludes the acquisition of private juice maker Cliffstar Corp. and integration expenses, was $21-million or 22 cents per share.

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Cliffstar was acquired during the third quarter of 2010.

It contributed $73-million to Cott Corp.'s revenue in the third quarter of this year. Cott's overall revenue for the three months that ended Oct. 1 increased to $611-million from $486.9-million in the year-earlier period.

Cott is the world's largest producer of private-label beverages, including soft drinks, juice and water. It has bottling plants in the United States, Canada, Mexico and the United Kingdom.

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