Coca-Cola in agreement to sell off three production facilities
The Coca Cola Company has entered an agreement to sell three of its production facilities in the US to Refresco, one of the world’s largest independent bottlers.
Although the financial terms of the transaction are not yet disclosed, the transaction includes three hot-fill production plants – in Truesdale, Missouri; Waco, Texas and Paw Paw, Michigan – and supports Refresco’s efforts to strengthen its manufacturing footprint in North America.
Brad Goist, COO Refresco North America said: “Adding three hotfill production sites to our footprint is a great opportunity to further enhance our offering. I am convinced that our Retail and A-brand customers across North America will be able to benefit from our extended capabilities and broadened geographical footprint.”
CEO Refresco, Hans Roelofs comments: “The ongoing trend of A-brands outsourcing their production capabilities continues to provide opportunities for us as an independent beverage solutions provider. With manufacturing and supply chain being at the heart of our business, the acquisition of three Coca-Cola facilities in the US is another step forward in our growth strategy.”
According to Refresco, all three hotfill production locations are highly complementary to its current North America manufacturing footprint. Through the acquisition, Refresco will further improve its proximity to its existing customer base and expand its technological capabilities.
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