Latest news with #Refresco
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.
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.
San Francisco Chronicle
22-04-2025
- Business
- San Francisco Chronicle
Coca-Cola to close Napa County bottling plant, affecting 135 jobs
The Coca-Cola Co. is moving forward with plans to permanently close its bottling facility in Napa County. The closure of the American Canyon plant by June 30 will impact 135 workers at the site, which has been operational since 1994, according to regulatory filings with state and local authorities. Located at 1201 Commerce Blvd., the facility spans 350,000 square feet across 17 acres and produces a range of beverages, including Powerade, Minute Maid, Vitamin Water and Gold Peak Tea. The closure, originally announced in 2021 and initially scheduled for 2023, is part of Coca-Cola's broader 'asset right' strategy to optimize its resources in response to shifting consumer preferences. The Georgia company has been shifting its focus toward brand management rather than production, which has led to a series of plant closures and restructuring efforts, including a deal with Dutch beverage company Refresco to take over some bottling operations. '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,' a spokesperson for the company said in a statement. Coca-Cola acquired the American Canyon facility in 2002, following an earlier expansion of the site in 2000. Originally established by Pokka Beverages, the plant was part of Coca-Cola's West Coast expansion strategy.
