Global beverage solutions provider Refresco has successfully closed its acquisition of Frías Nutrición, a Spanish plant-based beverage manufacturer.

As reported by The Plant Base earlier this year, the two companies announced the acquisition agreement on 22 July. Through the deal, Refresco aims to strengthen its position in the rapidly growing plant-based beverage category.

Officially completed this week, the transaction will see Refresco expand on its existing operations in Spain, where Frías is located. Headquartered in the country’s city of Burgos, Frías employs approximately 250 members of staff.

It specialises in producing private label dairy alternative drinks, including oat, almond, rice, hazelnut and soy options for key retailers in Spain and beyond.

Refresco’s global offering, spanning production in Europe, North America and Australia, includes a range of beverage product and packaging combinations from juices to carbonated soft drinks and mineral waters, in carton, PET, aseptic PET, cans and glass packaging forms. The company is headquartered in Rotterdam, the Netherlands, and has more than 14,500 employees.

Hans Roelofs, CEO of Refresco, said: “As part of our proven Buy & Build strategy, we are looking to expand our capabilities in existing and adjacent beverage categories. The acquisition of Frías not only enhances our footprint in the plant-based drinks market, but it also allows us to better serve our European customers and accelerates our product innovation capabilities.”

He added: “We are excited to welcome the talented Frías team and are dedicated to a seamless integration process that will drive mutual growth".

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