Refresco announces acquisition of Frías, a leading Spanish manufacturer of plant-based drinks
2024年7月22日 - 3:30PM
Press Release Refresco announces
acquisition of Frías, a leading Spanish manufacturer of plant-based
drinks
Rotterdam, The Netherlands, July 22, 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 it has
entered into an agreement to acquire Frías Nutrición (“Frías”) from
Alantra Private Equity and the founding family. This transaction is
subject to regulatory approval. Frías is a leading manufacturer of
plant-based drinks with a production facility located in Burgos,
Spain and employs around 250 people. Frías produces private label
plant-based drinks, including almond, rice, hazelnut, and soy
drinks, for key Spanish retailers and beyond.
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 significantly strengthens our position in the
fast-growing plant-based drinks category. It complements our
existing footprint in Spain with a production facility solely
dedicated to plant-based products.
“In addition, acquiring Frías enables us to further expand our
service offering to retailers and branded customers and retailers
across Europe, accelerates our product innovation capabilities in
the plant-based drinks category, and underscores our ability to
capture opportunities in the market.”
Bruno Delgado-Luque, Partner Alantra Private Equity,
added: “Since we acquired Frías in 2019, the company has
been on a remarkable growth trajectory, confirming its leadership
position in the Iberian Peninsula, and expanding its international
business. Together with the Frías family, we launched a major
investment plan that resulted in the creation of one of the most
modern and efficient plant-based drinks factories in Europe. We are
confident that Frías has a bright future ahead and will continue
its successful growth with the support of Refresco.”
Transaction highlights
- The transaction is subject to regulatory approval.
- Closing of the transaction is expected later this year.
- The financial terms of the transaction are not disclosed.
About Refresco Refresco 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.com
About Alantra Private EquityAlantra Private
Equity is a pioneer in the Iberian private equity market with more
than 30 years of experience and investments of c. €2.0bn. It has a
unique and proven track record in the food and beverage,
healthcare, and industrial technology sectors throughout different
economic cycles. Since 1990, Alantra Private Equity has led
investments in more than 120 assets (60 platforms and 65 add-ons)
and has completed more than 50 exits.
Media Contacts Refresco Corporate
Communications Hendrik de Wit +31 6 1586 1311
hendrik.dewit@refresco.com
- Press release - Refresco acquires Frias