S&D Coffee: Two weeks after buying Primo, Cott sells NC-based coffee company

Cott Corp. is giving up coffee for water. Cott announced Friday it will sell its subsidiary, Concord-based S&D Coffee and Tea, to Westrock Coffee Co. LLC for $405 million. S&D is a provider of custom coffee roasting and the largest blender of iced teas for food service and convenience stores in the U.S., its website claims. The announcement comes two weeks after Cott bought Primo Water of Winston-Salem for approximately $775 million, or $14 per share. The transaction is expected to close in March. When...