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Refresco has announced an agreement to acquire Telemark Kildevann Holding (TKV), a Norwegian producer of soft drinks and bottled water.

TKV is a family-owned company with two production sites in Fyresdal and Aurskog, Norway. It supplies both retailers and branded customers in Norway and Sweden.

Refresco, which operates 75 manufacturing facilities across Europe, North America and Australia, said the acquisition will expand its presence in the Nordic market, building on its existing operations in Finland.

Refresco CEO Hans Roelofs commented: “The acquisition of TKV marks another milestone in the execution of our proven Buy & Build strategy, further reinforcing our presence in Europe".

"TKV’s loyal customer base, strong capabilities and well-established market position enhances our ability to serve retailers and branded customers in Norway, Sweden and beyond. I look forward to welcoming over 60 employees to the Refresco team and further grow the business together.”

The deal is subject to regulatory approval and is expected to close later this year.

Financial terms were not disclosed.

Top image: © Telemark Kildevann