Refresco has entered into an agreement to acquire three of The Coca-Cola Company’s production facilities in the US.
The transaction includes three hot-fill production plants – in Truesdale, Missouri; Waco, Texas and Paw Paw, Michigan – and supports Refresco’s efforts to strengthen its manufacturing footprint in North America.
In addition, as part of the deal, the bottler will become one of The Coca-Cola Company’s third-party contract manufacturers in the US.
“The ongoing trend of A-brands outsourcing their production capabilities continues to provide opportunities for us as an independent beverage solutions provider,” said Hans Roelofs, CEO of Refresco.
“With manufacturing and supply chain being at the heart of our business, the acquisition of three Coca-Cola facilities in the US is another step forward in our growth strategy.”
Refresco says that the planned acquisition will improve its proximity to its existing customer base and expand its technological capabilities.
“Adding three hot-fill production sites to our footprint is a great opportunity to further enhance our offering,” said Brad Goist, COO Refresco North America.
“I am convinced that our retail and A-brand customers across North America will be able to benefit from our extended capabilities and broadened geographical footprint.”
The transaction is subject to regulatory approval. The financial terms of the deal have not been disclosed.
© FoodBev Media Ltd 2021
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