Refresco to Acquire Private Label Plant-Based Milk Manufacturer Frías Nutrición
Global beverage solutions provider Refresco has announced an agreement to acquire private-label plant-based milk manufacturer Frías Nutrición from Alantra Private Equity and the Frías founding family. Based in Spain, Frías produces milk alternatives made from oats, soy, almond, rice, hazelnut, and coconut. The company’s facility in Burgos employs around 250 people, supplying products to major retailers in Spain and beyond. The transaction is expected to close later this year, but will be subject to regulatory approval. The financial terms have not been disclosed. Refresco is currently best known for offering products such as juices, carbonated soft drinks, and mineral water. The company is headquartered in Rotterdam, the Netherlands, and has production facilities in Europe, North America, and Australia. Through the acquisition, Refresco hopes to strengthen …