Volatility of profits and credit protection measures due to maturity of category and actions of larger competitors Customer concentration Seasonal sales Intense competition Improved operating performance, liquidity, and credit measures Leading global manufacturer of retailer brand beverages On Aug. 17, 2010, Mississauga, Ont.-based Cott Corp. acquired privately held Dunkirk, N.Y.-based Cliffstar Corp., the leading North American private label manufacturer of shelf stable juices for US$569 million. The purchase price comprised US$500 million cash; up to an additional US$55 million based on the achievement of certain performance measures in 2011 and the completion of expansion projects in 2010; and US$14 million of deferred consideration to be paid over three years. The US$500 million was financed with US$375 million in new senior