Bottling firm Refresco has announced that it has agreed to acquire Coca-Cola European Partners' (CCEP) manufacturing facility in Milton Keynes in the UK.
The move is part of Refresco's 'buy and build' strategy that aims to expand its contract manufacturing business in the UK.
The deal, which is expected to close by the end of this year, includes a lease contract of CCEP’s warehouse site in Northampton and contract manufacturing activities.
Chief executive of Refresco Group, Hans Roelofs, said, "With the Milton Keynes site we further strengthen our manufacturing footprint and ability to serve our customers locally.
"This acquisition also further strengthens our relationship with Coca-Cola European Partners, to whom we already provide contract manufacturing services in France, Germany, and the Netherlands."
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.
