VIENNA (dpa-AFX) - European soft drinks and fruit juices bottler Refresco Gerber is pursuing initial public offering in Amsterdam to support its future growth. The firm which has been owned by private equity plans to list on Euronext.
Rotterdam, the Netherlands-based Refresco Gerber has presence in nine countries with an employee network of 4,100. It has not revealed the launch date or pricing of shares. It has a shareholder base comprising Icelandic Consortium, Hanover Acceptance, 3i, etc.
From a humble beginning in 1999, the business has grown to a 2 billion euro pan-european bottler. Strategic acquisitions has helped it to grow, along with organic growth. Since 2000, Refresco Gerber has acquired 12 firms.
Hans Roelofs, CEO of Refresco Gerber said in November that, 'With the integration running smoothly and due to be completed before the end of 2015, it is now time to focus on the next phase of growth. The merger has created a market-leading platform in Europe, and we are well positioned to capture private label and contract manufacturing opportunities in Europe and acquisitive growth in Europe and beyond.'
Copyright RTT News/dpa-AFX