NewAge Inc (fka NBEVQ) (NBEVQ)

[NewJerichoMan]

BevNet's Description of Cott's Disbursement of Cola / Bottling Segment

https://www.bevnet.com/news/supplier-news/2017/refresco-acquires-cotts-bottling-activities-1-25-billion/

" ...representing around 30% of Cott’s business...

Its bottling activities, with revenues of approximately USD 1.7 billion, comprise 47% of its total activities. The purchase price is USD 1.25 billion (equal to EUR 1.1 billion[2]), payable in cash. Included in the purchase price is a tax asset of USD 75 million. Excluding the tax asset, the purchase price represents a multiple of 8.6 times adjusted EBITDA of the bottling activities realized over FY 2016. Post synergies, the purchase multiple comes down to approximately 6 times adjusted EBITDA, in line with the average level realized in previous transactions. The acquisition is expected to be earnings accretive by approximately 5% in the first full year of consolidation.

Jerry Fowden, Cott’s CEO: “This transaction provides a unique opportunity for Cott Beverages ... With the sale of this business we will continue to focus on growing our water, coffee, tea and filtration services businesses.”