Frías produces private-label plant-based drinks, including almond, rice, hazelnut, and soy drinks, for key Spanish retailers and beyond
Refresco, the global independent beverage solutions provider for retailers and global, national, and emerging (GNE) brands in Europe, North America, and Australia, announces it has agreed to acquire Frías Nutrición (Frías) from Alantra Private Equity and the founding family. This transaction is subject to regulatory approval.
Frías is a leading manufacturer of plant-based drinks with a production facility located in Burgos, Spain and employs around 250 people. Frías produces private-label plant-based drinks, including almond, rice, hazelnut, and soy drinks, for key Spanish retailers and beyond.
Hans Roelofs, CEO of Refresco, commented, “As part of our proven Buy & Build strategy, we are looking to expand our capabilities in existing and adjacent beverage categories. The acquisition of Frías significantly strengthens our position in the fast-growing plant-based drinks category. It complements our existing footprint in Spain with a production facility solely dedicated to plant-based products.
