The proposed transaction fits our strategy for growth in contract manufacturing, in this case in France, a market where we wish to continue to grow.
Hans Roelofs, CEO Refresco Group: “France is an important market for Refresco and with this acquisition, we create a better national coverage and consequently further potential to serve customers’ demands. We currently provide Britvic with contract manufacturing services in Benelux and in the UK. This acquisition in France further strengthens our relationship.”
Olivier Mercier, Britvic's Managing Director in France said: “This proposed transaction with Refresco allows Britvic to continue our leadership in our core syrups business while ensuring the optimal development of our flagship brands for children's drinks and juices, Fruit Shoot and Pressade.”
The proposed acquisition is subject to approval of the French competition authority and customary closing conditions. It is anticipated that the acquisition will not be completed until next year.
