Cott to Buy DSS for $1.25 Billion to Expand Into Coffee

Cott Corp. rose the most in five years after the Canadian producer of private-label soft drinks agreed to buy DSS Group Inc. for about $1.25 billion to expand into water and coffee home delivery and services.

The acquisition will enable Mississauga, Ontario-based Cott to branch out beyond carbonated beverages and juices and open new distribution channels outside of large retail and supermarket stores, Chief Executive Officer Jerry Fowden said.