Press Release February 24, 2016
Rotterdam, the Netherlands - Refresco Gerber N.V., the leading European bottler of soft drinks and fruit juices for retailers and A-brand owners, announces today that it has entered into an agreement to acquire the PepsiCo bottling facility in Hamburg, Germany. PepsiCo is one of Europe's leading food and beverage companies, offering many market-leading brands, including international household names such as Pepsi, Punica and Lipton.
The acquisition fits Refresco Gerber's buy & build strategy and further strengthens its footprint in the German soft drinks and fruit juices market. Included in the terms of agreement is a 10-year co-packing agreement with PepsiCo.
CEO Hans Roelofs:
"This transaction lies at the heart of our buy & build strategy and confirms our focus on expanding our co-packing business. It further strengthens our relationship with one of our key customers PepsiCo, for whom we already provide co-packing activities in France, Spain, Benelux and the UK.
Germany is an important region for Refresco Gerber and with this acquisition, we take an important leap forward in our German co-packing activities and further improve our market presence."
The acquisition is subject to approval of German competition authority and it is anticipated that the acquisition will be completed during the second quarter of 2016. The parties have agreed not to announce the purchase price involved.
For further information, please contact:
Marieke Palstra
Investor Relations Manager
+31 10 440 5164
+31 6 828 56104
marieke.palstra@refrescogerber.com
Next financial reporting
Refresco Gerber N.V.'s full year and fourth quarter 2015 results will be published March 10, 2016 at 7.30 am (CET).
About Refresco Gerber N.V.
Refresco Gerber (Euronext: RFRG) is the leading European bottler of soft drinks and fruit juices for retailers and branded players with production in the Benelux, France, Germany, Iberia, Italy, the UK, Poland and Finland. In 2014 the company realized full year volumes and revenue of circa 6.0 billion litres and circa EUR 2.0 billion, respectively. Refresco Gerber 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 and glass. Focused on innovation, Refresco Gerber continuously searches for new and alternative ways to improve the quality of its product and packaging combinations in line with consumer and customer demand, environmental responsibilities and market demand. Refresco Gerber is headquartered in Rotterdam, the Netherlands, and employs circa 4,100 staff.
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