TORONTO (S&P Global Ratings) June 8, 2016--S&P Global Ratings today said that its ratings on Cott Corp. (B/Stable/--) are not affected by the company's announcement to acquire Eden Springs International S.A. (rated as Hydra Dutch Holdings 2 B.V. [B/Stable/]), a Europe-based coffee and water delivery service, for €470 million. We believe the acquisition is consistent with Cott's strategy of diversifying into growing, higher-margin beverage categories, and reducing exposure to big-box retailers and carbonated soft drinks. In our view, the Eden Spring acquisition, along with Cott's previous acquisitions of DS Services of America Inc. and Aquaterra Corp., will improve the company's breadth in water and coffee delivery, and translate into modest incremental revenue growth, higher margins, and greater product and customer
