Refresco Completes Acquisition Of Alcoholic Beverage Firm Avandis
Refresco Group has announced it has completed the acquisition of Avandis, a manufacturer of alcoholic beverages in the Netherlands, from Lucas Bols N.V. and De Kuyper Royal Distillers. In a statement, Refresco said that it had completed the deal following receipt of regulatory approval and completion of the Works Council process.
The relevant parties announced the proposed sale of Avandis to Refresco in October 2022.
‘With the acquisition now completed, Refresco expands its offering to customers in the alcohol category, complementing the existing hard liquor capabilities in Europe,’ Refresco said in a statement.
‘In addition to the sale of Avandis, Lucas Bols and De Kuyper also entered into a long-term contract manufacturing agreement, allowing Refresco to invest and expand the business.’
Following the transaction, Avandis’ production facility in Zoetermeer will become part of the Refresco network, which now consists of more than 70 manufacturing facilities across Europe, North America and Australia.
According to the Dutch beverage group, the expansion means that it can ‘further strengthen its position as a global independent beverage solutions provider to branded customers and leading retailers’.
The integration process will commence immediately, with Avandis to be rebranded as Refresco, the group said.
Related news
Mineral water site added to Refresco’s portfolio in Germany
In Germany Refresco has reached an agreement with Vivaris to…
Read more >Refresco snaps up plant-based drinks company Frías Nutrición
Dutch company Refresco has acquired Spanish plant-based drinks producer Frías…
Read more >General Mills selling North American yogurt business
General Mills, Inc. is selling its North American yogurt business…
Read more >Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >German retail sales fell month-on-month in April
In Germany, retail sales fell by 1.1 percent in real…
Read more >