Cott Corp. announces UK business unit's acquisition of Aimia Foods Cott Corporation announced that its United Kingdom / Europe Business Unit has acquired all subsidiary companies of Aimia Foods Limited. Aimia Foods is a privately owned business based in Merseyside, United Kingdom with revenues of approximately $110M for the twelve months ending March 31. The purchase price includes the payment of approximately $80M at closing plus an adjustment for working capital, $33M in deferred consideration payable in September, and on-target earnout consideration of $20M, with a minimum earnout consideration of $13M and a maximum earnout consideration of $27M. The purchase price will be funded through cash on hand and borrowings under Cott's asset based lending facility.
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