Refresco Germany announces acquisition of the Grüneberg mineral water site from Berentzen-Gruppe AG
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Refresco Germany, one of the largest independent beverage bottlers for private labels and brands in Germany, announces that it has entered into an agreement with Vivaris GmbH & Co KG, a subsidiary of Berentzen-Gruppe AG, to acquire the Grüneberg site in Brandenburg. In addition to the site, Refresco will also take over the water brands 'Märkisch Kristall' and 'Grüneberg Quelle'. Various water products and lemonades are currently produced in Grüneberg. In addition, Refresco and Vivaris have agreed to continue production of the Vivaris brand Mio Mio under a contract bottling agreement. The transaction is expected to be completed by October 31, 2024.
Guido Kühne, Managing Director of Refresco Deutschland GmbH, comments on the transaction: "This acquisition marks an important step in the further expansion of our branded and contract bottling business. In addition to excellent source capacity, the site also offers access to the greater Berlin/Brandenburg area and completes our strategy of full regional coverage in Germany. We are also looking forward to the experienced production team in Grüneberg."
Oliver Schwegmann, CEO of Berentzen-Gruppe AG, comments on the transaction: "With Refresco Germany, we have found a well-established and respected company in the beverage industry as a buyer. With the continuation of business operations, we were able to achieve our most important goal for the Grüneberg site. We are also delighted about the new contract filling partnership with Refresco for our Mio Mio brand products. The continuation of bottling in Grüneberg will ensure optimum availability in eastern Germany."
