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Friday's Afternoon Update
What you need to know about Florida today
Water and coffee add $1 billion in sales to Tampa's Cott Corporation
Cott Corporation, a beverage company headquartered in Tampa, has struck a $335 million deal to buy S&D Coffee Inc.
Florida Trend ranks beverage company Cott Corporation as the 30th largest public company in Florida.
S&D Coffee is a coffee roaster that provides customized (private label) coffee and tea to stores nationwide. See the news release from S& D coffee, here. The S&D deal comes two days after Cott wrapped up its purchase of Eden Springs, a company that delivers water and coffee in Europe. The two deals will bring Cott to $3.9 billion in revenue. [Source: Tampa Bay Business Journal]
See also:
» Why Cott Corporation stock jumped 10%
» Announcement from Cott about the acquisition, here.
» From Florida Trend's archive: Cott Corp is king of pop
Grand opening held for Ocala FedEx Ground facility
The FedEx Ground Hub officials hosted their ribbon cutting ceremony in honor of opening their new facility this week. FedEx says the company will bring in over three hundred new employees to work over the next couple of weeks. More from WCJB and see a video at the Ocala Star-Banner.
Jacksonville business grows to multi-million labeling company in 8 years
Dave Frederick co-founded G2 I.D. Source printing and label manufacturing in San Marco along with his partner Terry Cochran in 2008. The partners went from nothing to fully mechanized production line producing marketing labels for various industries. More from the Florida Times-Union.
Analysts question whether Office Depot plan will rejuvenate company
One day after Office Depot CEO Roland Smith offered his first glimpse at how he intends to turn around the Boca Raton-based retailer, some industry analysts said they were, for the most part, not wowed by the plans. More from the South Florida Sun-Sentinel.
Enterprise Florida could trim pay for new president
The Enterprise Florida President & CEO Search Committee, hoping to have a finalist go before the agency’s full board next month, agreed Thursday to advertise for the top position at an annual salary of $175,000 to $200,000. More from the Sarasota Herald-Tribune.
Business Profile
Odyssey Toys
Odyssey Toys doesn't want to be known as a "me too" company that copies gadgets and gizmos its competitors have already developed. So said Sal Irigoyen, CEO of the Miami-based toy manufacturer, as he showed off his company's latest innovation — an iPhone-sized drone.
» More from the South Florida Sun-Sentinel.
Out of the Box
The Beach Tampa
An ocean of 1.2 million balls arrived this week at Amalie Arena as part of The Beach Tampa exhibit. The arena has been transformed to hold 15,000 square feet of recyclable and antimicrobial immersive white balls. The Vinik Family Foundation says it wanted to bring a beach to downtown Tampa.
» More from WTSP and Bay News 9.
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