FDBusiness.com

Refresco Receives Renewed Interest From PAI

 Breaking News
  • FrieslandCampina Strengthens US Presence Royal FrieslandCampina, the global dairy group, has acquired US-based importer and distributor Jana Foods. The acquisition will further strengthen FrieslandCampina’s position in supplying Dutch specialty cheese to the US market. Jana Foods will be integrated in the FrieslandCampina Consumer Dairy USA business. “This acquisition supports our strategy of investing for growth. This investment is in line [...]...
  • Greencore Well Placed to Drive Future Growth in Core UK Market Greencore Group, a leading manufacturer of convenience food in the UK, has reported a 4.2% increase in revenue from continuing operations to £1.499 billion for the year ending 28 September 2018. Adjusted operating profit rose by 3.6% to £110.6 million, with improved profits in food to go categories being partly offset by a decline in [...]...
  • Strategic Partnership Sets New Industry Standard For Sourcing Cocoa Dutch impact organization Tony’s Chocolonely, retailer Albert Heijn and chocolate manufacturer Barry Callebaut have forged a strategic partnership to end child labour and modern slavery in the chocolate industry. Together the companies are setting a new industry standard that increases pressure on the wider chocolate industry to drive structural change to work towards a more [...]...
  • Global Premium Water Growing 8% a Year Global sales of premium bottled water reached US$16.5 billion at consumer prices in 2017, 48% more than five years ago, according to a new report from Zenith Global, the global food and drink experts. Consumption volume also rose strongly by 26% over the five years to 11.2 billion litres. “This 8.1% annual value growth, compared with [...]...
  • Exports Boost Europe’s Beer Production to Eight-year High Europe’s beer production rose to an eight-year high in 2017 bolstered by record exports, a rise in micro-breweries and increased low-alcohol products. According to The Brewers of Europe’s latest report on Europe’s beer sector, production increased by 2 million HL 39.6 billion litres, exports reached an all-time high, with one in five beers shipped abroad and [...]...

Refresco Receives Renewed Interest From PAI

Refresco Receives Renewed Interest From PAI
October 05
10:16 2017

Refresco Group, the leading independent bottler of soft drinks and fruit juices for retailers and A-brands with production in the Benelux, Finland, France, Germany, Italy, Poland, Spain, the UK and the US, has received a new unsolicited, indicative and conditional proposal from private equity firm PAI Partners. It regards a possible offer to acquire all 81.2 million issued shares in the company for €19.75 per share, representing an aggregate cash consideration of €1.6 billion. The offer includes Cott’s bottling activities, Refresco’s latest acquisition which is expected to see completion before year-end. The offer is subject to a number of conditions. PAI Partners made a €1.4 billion in May.

The executive board and the supervisory board of Refresco is carefully reviewing the proposal. Further announcements will be made if and when required. Refresco generated revenues of €2.1 billion on volume sales of 6.5 billion litres in 2016.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements