Refresco has entered into an agreement to acquire Hansa-Heemann, a German mineral water and carbonated soft drinks (CSD) company.The deal forms part of Refresco’s buy-and-build strategy and further enhances its position in terms of product and brand portfolio and geographical coverage. The independent bottler has five production sites across Germany and serves three different market segments: private label, own brands and contract manufacturing for A-brands. Hansa-Heeman reportedly has annual revenues of approximately EUR300 million and employs over 800 people.

With the acquisition, Refresco will expand its offering in water and CSDs with brands such as Fūrst Bismarck, Hella and St. Michaelis. Upon completion, Refresco will enhance its presence in Germany, thus improving its transport efficiencies and reducing CO2 emissions.

Hans Roelofs, CEO of Refresco Group commented: “This acquisition will further diversify our business and product offering, which will benefit our customers. Refresco Germany and Hansa-Heeman are highly complementary and through this acquisition, we will be able to offer nationwide coverage to German retailers.” The transaction was made for an undisclosed sum and is subject to regulatory approval. foodbev