Latest news with #HansRoelofs
Yahoo
6 days ago
- Business
- Yahoo
Refresco to buy Norway soft-drinks group Telemark Kildevann
Dutch drinks group Refresco has agreed to acquire Norway-based soft-drinks manufacturer Telemark Kildevann (TKV). In a statement, Refresco said the purchase 'further strengthens its presence and operational capabilities to service customers across the Nordics'. Refresco's operations in Europe include assets in Finland. Family-owned TKV makes soft drinks and bottled water, supplying branded customers and retailers in Norway and Sweden. The company runs two production facilities in the Norwegian towns of Fyresdal and Aurskog. More than 60 TKV employees will become part of Refresco's workforce of over 14,000 once the deal is completed, which is expected to be later this year. The transaction, struck for an undisclosed sum, is awaiting regulatory approval. Refresco CEO Hans Roelofs said: '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.' Just Drinks approached Refresco for further comment but had not received a response at the time of writing. The move for TKV is the company's first acquisition of 2025. Last year, the company snapped up Spanish plant-based beverage maker Frías Nutrición, purchased a production site from German beverage group Berentzen-Gruppe and bought US-based VBC Bottling Company, a fellow contract manufacturer. In May last year, Rotterdam-based Refresco opened its first European plant-based production line in Germany, marking an entry into the oat drinks' market. As part of the deal for the Berentzen-Gruppe facility, Refresco also bought the mineral-water brands Märkisch Kristall and Grüneberg Quelle. "Refresco to buy Norway soft-drinks group Telemark Kildevann" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
6 days ago
- Business
- Yahoo
Refresco to expand Nordic presence with acquisition of Telemark Kildevann
Refresco, a global beverage solutions provider, has signed an agreement to acquire Telemark Kildevann Holding (TKV), a Norwegian beverage manufacturer. This strategic move is pending regulatory approval and is expected to enhance Refresco's operational capabilities in the Nordics. TKV, a family-owned business, specialises in the production of soft drinks and bottled water. With two production facilities in Fyresdal and Aurskog, Norway, the company says it has established strong relationships with retailers and branded customers in Norway and Sweden. Refresco, meanwhile, currently operates 75 manufacturing facilities across Europe, North America, and Australia. While the financial terms of the transaction have not been disclosed, the closing of the deal is anticipated to occur later this year. Refresco CEO Hans Roelofs said: '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.' Refresco's network supports 'Global, National, and Emerging' brands, offering a wide array of product and packaging combinations. Its portfolio ranges from carbonated soft drinks, juices, teas, and mineral waters to energy drinks, sports drinks, and plant-based beverages, available in carton, polyethylene terephthalate, can, and glass formats. The company is headquartered in Rotterdam, the Netherlands, and employs over 14,000 people worldwide. In April last year, Refresco acquired VBC Bottling Company, a US-based contract manufacturer of premium beverages. "Refresco to expand Nordic presence with acquisition of Telemark Kildevann" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
