(IFN) Refresco Holding B.V. has acquired 100% of the shares of Kentpol, a Polish soft drinks and mineral water company based near Krakow, Poland, Refresco said.
The Refresco Group is majority owned by a consortium of investors led by FL Group, a leading Icelandic investment company.
This is the first acquisition by Refresco Holding B.V.,a major European manufacturer of fruit and soft drinks, in Eastern Europe and represents an exciting new growth market for the Refresco Group.
"As part of Refresco Groups overall buy and build growth strategy, this deal represents a significant step forward for the company. It provides the group with a presence in Poland and Eastern Europe, a developing market that has strong growth prospects," Refreso Groups chief executive, Frans Barel, said.
(END)
Icelandic Financial News (IFN) is available on Factiva, a joint venture between Reuters and Dow Jones Newswires, FT.COM, LexisNexis, Comtex, Gale and Thomson via the Nordic Business Report.
