Refresco completes acquisition of Frías, enhancing Plant-Based beverage portfolio
November 18 2024 - 2:30AM
Press ReleaseRefresco completes
acquisition of Frías, enhancing Plant-Based beverage
portfolio
Rotterdam, The Netherlands, November 18, 2024 –
Refresco, the global independent beverage solutions provider for
retailers and global, national, and emerging (GNE) brands in
Europe, North America, and Australia, today announces the
successful closing of its acquisition of Frías Nutrición (“Frías”),
a leading manufacturer of plant-based drinks in Spain. This
transaction, first announced on July 22, 2024, strengthens
Refresco’s position in the rapidly growing plant-based beverage
category. Frías, located in Burgos, Spain, employs
approximately 250 people and specializes in producing private label
plant-based drinks, including almond, rice, hazelnut, and soy
options for key retailers in Spain and beyond. This acquisition
complements Refresco’s existing operations in Spain and
significantly expands its capabilities in the plant-based drinks
sector.
CEO Refresco, Hans Roelofs, commented: “As part
of our proven Buy & Build strategy, we are looking to expand
our capabilities in existing and adjacent beverage categories. The
acquisition of Frías not only enhances our footprint in the
plant-based drinks market, but it also allows us to better serve
our European customers and accelerates our product innovation
capabilities. We are excited to welcome the talented Frías team and
are dedicated to a seamless integration process that will drive
mutual growth.”With this acquisition, Refresco reaffirms its
commitment to delivering high-quality, innovative beverage
solutions to its customers, while also further enhancing its
service offerings.
About RefrescoRefresco is the global
independent beverage solutions provider for retailers and global,
national and emerging brands with production in Europe, North
America and Australia. Refresco offers an extensive range of
product and packaging combinations from juices to carbonated soft
drinks and mineral waters in carton, PET, Aseptic PET, cans and
glass. Refresco continuously searches for new and alternative ways
to improve the quality of its products and packaging combinations
in line with consumer and customer demand, environmental
responsibilities and market demand. Refresco is headquartered in
Rotterdam, the Netherlands and has more than 14,500 employees.
www.refresco.comMedia Contacts
Refresco Corporate CommunicationsHendrik de Wit+31 6 1586
1311hendrik.dewit@refresco.com
- Press release - Refresco successfully completes acquisition of
Frias