In the largest acquisition to-date by the Netherland based company Refresco, shareholders approved the acquisition of their US competitor Cott by a majority of 99.5%. The Dutch company will pay Euro 1 billion for Cott, which manages 29 production facilities in the United States, Canada, Mexico and the United Kingdom (UK). The deal will result in the Refresco group’s turnover increasing immediately by 70 %, from Euro 2.1 to Euro 3.6 billion.

With 5,500 employees and 6.5 billion litres of soda and fruit juice bottled in 2016, Refresco operates in the Benelux, Finland, France, Germany, the Iberian Peninsula, Italy, Poland, the UK and the US it also works with Aldi, Lidl and other major supermarkets on private labels.

Source: retaildetail