Refresco Group N.V.
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Publicatie datum
26 jul 2016 - 07:30
Statutaire naam
Refresco Group N.V.
Titel
Refresco takes first step into North America by acquiring Whitlock Packaging
Bericht
First acquisition in North America by Refresco creates second growth platform in the largest soft drinks market globally.
Continued execution of buy & build strategy adding 900 million liters to Refresco Group volume of 6 billion liters, while increasing co-packing volumes from 25% to 34% of group total.
More than 80% overlap in co-packing customer base of Whitlock Packaging and Refresco.
Rotterdam, the Netherlands, July 26, 2016 - Refresco Group N.V. (Euronext Amsterdam: RFRG), the leading European bottler of soft drinks and fruit juices for A-brands and retailers, today announced it has agreed to acquire US-based bottler Whitlock Packaging. The purchase price is USD 129 million, equal to EUR 117 million[1], on a debt and cash free basis. This represents an EV/adjusted EBITDA multiple of 7.3x and is in line with the average multiple paid by Refresco on previous transactions. The acquisition is expected to be earnings accretive in the first full year of consolidation.
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Datum laatste update: 03 september 2024