Leading manufacturer of retailer brand (private label) soft drinks Solid credit protection measures Integrated solutions for retailers including concept, concentrate formulation, production, packaging, inventory management, fulfillment, warehouse delivery, and promotion Narrow product portfolio Customer concentration with top customer accounting for more than 40% of sales Seasonal sales Acquisitive Intense competition The ratings on Cott Corp. reflect its below-average business profile stemming from a narrow product portfolio, customer concentration, acquisitive nature, and small size in a sector dominated by companies with substantially greater financial resources. These factors are partially offset by Cott's solid credit protection measures and good market position as a private label manufacturer and marketer of take-home carbonated soft drinks (CSD). Cott competes in the mature and highly competitive