Latest news with #Refresco
Yahoo
24-07-2025
- Business
- Yahoo
Refresco hires new CEO from Nestlé
Refresco, a Dutch drinks group, has appointed former Nestlé executive Steve Presley as its new CEO, effective 4 August. Presley will take over from Hans Roelofs, who announced his decision to step down in June after an 18-year tenure. The incoming CEO joins KKR-owned Refresco following more than a 28-year career at Nestlé, where he was the executive vice president and CEO of its Americas unit. He left the Nescafé coffee brand owner at the end of April. Refresco said during his time at Nestlé, Presley held roles spanning executive leadership, operations, manufacturing, corporate strategy and finance, 'providing him a comprehensive perspective on end-to-end business performance'. In his previous role at Nestlé, Presley ' managed over 100,000 employees across 24 countries and a network of over 120 manufacturing and distribution facilities across 20 product categories', Refresco said. James Cunningham, partner of KKR and chairman of the Refresco supervisory board, said Presley's 'wealth of experience, strong relationships with retailers and brands, and leadership of large-scale international operations' will be 'tremendous assets to the company'. He brings an 'entrepreneurial spirit', along with 'deep operational and financial expertise and ability to understand our customers' needs', Cunningham added. Commenting on his appointment, Presley said: 'Refresco has built a strong reputation as a global leader in the beverage solutions industry, with a clear focus on delivering value and quality for its customers. 'By focusing on innovation and adapting to the evolving needs of customers and market demands, I am confident we can further strengthen Refresco's value proposition and create new opportunities for success.' In 2024, Refresco reported revenue of €5.99bn ($7.04bn), marking a 1% increase from the previous year. However, the volume of drinks sold decreased to 13.83bn litres from 14.25bn litres in 2023. Carbonated soft drinks and water products each accounted for 26% of the company's volume, while sports and energy drinks made up 15%. Refresco operates over 70 manufacturing sites across Europe, Australia, the US, Canada, and Mexico, producing both branded and own-label soft drinks, fruit juices, and other beverages. Based in Rotterdam, the company employs more than 14,000 staff. In May, the group agreed to acquire Telemark Kildevann (TKV), a Norway-based soft-drinks manufacturer. TKV operates two production facilities in Fyresdal and Aurskog, supplying products to retailers and branded customers in Norway and Sweden. "Refresco hires new CEO from Nestlé " 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-06-2025
- Business
- Yahoo
Refresco CEO Hans Roelofs to step down after 18-year tenure
Refresco CEO Hans Roelofs will step down in August, concluding an 18-year tenure with the Netherlands-based drinks manufacturer. In a statement issued yesterday (26 June), Refresco, majority-owned by private-equity firm KKR, said it had started a search for a new chief executive. Refresco supervisory board chairman and KKR partner James Cunningham thanked Roelofs for "positioning Refresco for continued success in the years to come as we continue to expand the company's footprint'. Roelofs joined Refresco in 2007 after spells at meat group Dumeco and agri-food business Nutreco. Through M&A and organic growth, Refresco is now a company with operations in 13 countries. The business has 75 manufacturing sites and employs more than 14,000 staff. KKR invested in the group in 2022. Reflecting on his decision to retire, Roelofs said: 'This is the right time for me to step back, confident that the company will continue to grow and thrive on its unique entrepreneurial spirit and the agility of its people.' In 2024, Refresco generated revenue of €5.99bn ($x), up 1% on a year earlier. The volume of drinks sold stood at 13.83bn litres, down from 14.25bn litres in 2023. Some 26% of the company's volumes were carbonated soft drinks, with another 26% generated through water products. Sport and energy drinks accounted for 15%. Earlier this month, Refresco agreed to acquire Norway-based soft-drinks manufacturer Telemark Kildevann (TKV). TKV operates two production facilities in the Norwegian towns of Fyresdal and Aurskog and supplies products to retailers and branded customers in Norway and Sweden. Last year, Refresco 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. Commending Roelofs' leadership, Refresco supervisory board member and PAI managing partner Frédéric Stévenin said: 'Refresco went through a period of unprecedented growth and transformation." "Refresco CEO Hans Roelofs to step down after 18-year tenure" 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. Sign in to access your portfolio
Yahoo
02-06-2025
- 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
02-06-2025
- 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.
Yahoo
18-05-2025
- Business
- Yahoo
Coca-Cola under fire after sudden decision that cost over 100 workers their jobs: 'We did not make this decision lightly'
Imagine waking up to find out that the biggest employer in your town is shutting its doors — and there's little you can do to stop it. That's the tough reality that 135 workers in Napa County are now facing as Coca-Cola moves forward with the closure of its American Canyon bottling plant. The San Francisco Chronicle reported that Coca-Cola will permanently shut down its 350,000-square-foot American Canyon facility by June 30, impacting 135 jobs. The plant, which has operated since 1994, produces beverages such as Powerade, Minute Maid, Vitamin Water, and Gold Peak Tea. Coca-Cola acquired the site in 2002. In a statement on the closure, the company said: "We did not make this decision lightly and are grateful to have had the opportunity to have been a part of the American Canyon community." Workers are being encouraged to seek positions within Coca-Cola's broader network or with partners such as Refresco. While shifting production overseas may streamline operations, the decision still devastates local workers and removes sustainability oversight from the equation, which is a growing concern as companies seek cheaper manufacturing options. The closure is part of Coca-Cola's "asset right" strategy, a business model focused on transferring bottling duties to third-party firms such as Refresco, allowing Coca-Cola to concentrate on brand management rather than in-house production. According to a study in Science Advances, Coca-Cola is responsible for 11% of the world's branded plastic pollution. Analysis from Oceana, shared by the Guardian, estimated the company's plastic waste in oceans will hit 602 million kilograms (over 1.3 billion pounds) per year by 2030. Should the government be able to control how we heat our homes? Definitely Only if it saves money I'm not sure No way Click your choice to see results and speak your mind. Some bottlers, such as Liberty Coca-Cola Beverages, have introduced recyclable plastic ring packaging as a step forward, but critics argue these efforts don't go far enough, especially since plastic can generally only be recycled a handful of times before it is no longer strong enough. That's in contrast to aluminum and glass, which are infinitely recyclable. Microplastics continue to pollute oceans and harm marine life, and without more aggressive action, Coca-Cola's footprint will only grow. While little can be done to reverse Coca-Cola's decision in Napa, consumers can still push the company to take greater environmental responsibility. Greenpeace is collecting signatures for a petition on Coca-Cola's plastic pollution, urging stronger action against waste. Shoppers can also send a message through their choices by supporting brands that take sustainability seriously. Some companies now offer eco-friendly recycling programs and store credit as part of broader circular economy efforts. It's one small step that can lead to real change, showing big brands like Coca-Cola that people care about their communities and their planet. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
