Nature of Business
Refresco is an independent bottler of soft drinks and fruit juices for retailers and A-brands in Europe and the US. With production in the Benelux, Finland, France, Germany, Iberia, Italy, Poland the UK and US, Refresco’s global sourcing and local R&D capabilities offer an almost unlimited variety of products, manufactured to customer specifications and requirements.
Refresco offers an extensive range of product and packaging combinations from 100% fruit juices to carbonated soft drinks and mineral waters in carton, PET, Aseptic PET, cans, pouches and glass. The Company is headquartered in Rotterdam, the Netherlands.
We initially acquired a minority stake in Refresco in 2010 to help support the Company’s continued growth and buy-and-build strategy. The merger with Gerber Emig in 2013 was a notable highlight during our investment period; enhancing the Company’s presence across Europe and strengthening its capability for industry innovation.
Refresco has demonstrated robust top line growth between 2010 and 2015, increasing revenue from €1.2bn to €2bn, and increasing profitability as a result of operational improvements and merger synergies. This is the second time 3i has supported Refresco’s growth, having previously financed a management buyout of the business in 2003.
Refresco announced the completion of its IPO on Euronext Amsterdam in March 2015.
Regulatory notice: This transaction involved a recommendation of 3i Investments plc, advised by 3i Amsterdam.