FDBusiness.com

Refresco Gerber to Purchase Dutch Co-packing Business DIS

 Breaking News
  • Agrial Continues Strategic Expansion With German Dairy Acquisition Agrial, the French farming and food co-operative, is continuing its quest to create value for its dairy farmer members by acquiring German company Rotkappchen Peter Julich Group, a specialist in cow’s and goat’s milk cheeses. The acquisition of Rotkappchen Peter Julich Group, which owns three famous brands in Germany, furthers the growth strategy of Eurial, [...]...
  • €191 Million to Promote EU Agri-food Products at Home and Abroad The European Commission has adopted the 2019 promotion policy work programme, with €191.6million to be made available for programmes selected for EU co-financing – an increase of €12.5 million compared with 2018. €89 million will be allocated to campaigns in high growth countries such as Canada, China, Colombia, Japan, Korea, Mexico, and the United States. Some [...]...
  • Müller Removes Sugar With New Yogurt Culture Müller Corner, one of Britain’s best loved yogurt ranges, is set to reduce sugar by up to 9% and gain a creamier texture, thanks to the discovery of a new yogurt culture. Following a rigorous research and development process which involved access to more than 13,000 strains, Müller discovered that the combination of two specific yogurt [...]...
  • Mintel Launches Purchase Intelligence in the UK Mintel, the world’s leading market intelligence agency, has launched Mintel Purchase Intelligence, the newest innovation in product comparison technology, providing rapid, reliable consumer opinion on every reported new food and drink product in the UK*. Every day, Mintel benchmarks consumer reactions to new product launches so manufacturers, companies and brands can immediately understand and analyse what is [...]...
  • Discovery, Plant-Based and Alternatives Lead the Top Ten Trends For 2019 Targeting increasingly adventurous consumers, set on new discoveries and experiences, will be key to developments in the food and beverage industry in 2019. The connected world has led consumers of all ages to become more knowledgeable of other cultures, contributing to 35 percent growth of “discovery” claims, when comparing 2017 and 2016 new product launch [...]...

Refresco Gerber to Purchase Dutch Co-packing Business DIS

Refresco Gerber to Purchase Dutch Co-packing Business DIS
March 30
16:42 2016

Refresco Gerber, the leading European bottler of soft drinks and fruit juices for retailers and A-brand owners, is acquiring Dutch beverage manufacturer DIS for €72 million. Including debt the total purchase price equals 7.5x EBITDA.

DIS is focused on the filling of a wide range of cans with diverse non-alcoholic beverages such as carbonated soft drinks and energy drinks. DIS additionally fills beer in cans for regional and international brewers. The company employs 198 people and operates a high quality manufacturing site in Sittard, the Netherlands.

The annual production of DIS is approximately 300 million liters (800 million cans), 78% soft drinks and 22% beer. Co-packing for international brands accounts for 95% of the volume and the remaining 5% is private label business with European retailers. The company has an annual turnover of approximately €90 million.

Founded in 1964, DIS is an established co-packer with many long-standing customer relationships. This new development strengthens Refresco Gerber’s position in co-packing, boosts its innovation power in the canning segment and creates opportunities to further optimize the manufacturing footprint and supply chain in the Benelux.

RefrescoGerberGraphicHans Roelofs, chief executive of Refresco Gerber, says: “With DIS we take a next step in the execution of our buy & build strategy and enhance our co-packing position in the Netherlands. We also broaden our proposition and capabilities in the filling of cans. DIS’ international co-packing concept has been very successful over the years and will be continued and broadened in the Refresco Gerber setting.”

The transaction will be financed from existing credit facilities and available cash, and is subject to the approval of the competition authorities. Closing of the transaction is expected during the second quarter of 2016.

Earlier this year, Refresco Gerber agreed to acquire the PepsiCo bottling facility in Hamburg, Germany, for an undisclosed sum. The acquisition fits Refresco Gerber’s buy & build strategy and further strengthens its footprint in the German soft drinks and fruit juices market. Included in the terms of agreement is a 10-year co-packing agreement with PepsiCo.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 21, 2018expoSE European Asparagus and Strawberry Fair
  • November 27, 2018Health Ingredients Europe
  • November 28, 2018FOOD & LIFE
  • December 3, 2018P&P 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements