Frías Nutrición acquired by Refresco

Refresco has completed the acquisition of Frías Nutrición, a Spanish specialist in plant-based beverages, following the announcement of the transaction in July 2024 and the satisfaction of regulatory conditions. This move is part of Refresco's "Buy & Build" strategy, aimed at strengthening its presence in the high-growth plant-based beverage segment, which is considered a strategic category within the non-alcoholic beverage industry. The acquisition enables the group to consolidate its position in Spain, where Frías operates a dedicated production facility and maintains strong relationships with major retailers. The integration of Frías significantly enhances Refresco's industrial capabilities in plant-based beverages, a segment driven by shifting consumer habits and increasing demand for alternatives to traditional dairy products. Additionally, the acquisition expands the group's offering to its European customers and accelerates its product innovation capabilities in this category.

By taking control of Frías Nutrición, Refresco continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Avandis in 2023.