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Refresco to acquire CCEP manufacturing site in UK

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European bottling company Refresco has agreed to buy a UK production facility set for closure from Coca-Cola European Partners (CCEP).

Refresco said the UK is an important growth market for the company

Refresco said the UK is an important growth market for the company

Refresco said this week it will acquire CCEP's manufacturing site in Milton Keynes. The company will also lease a CCEP distribution centre in Northampton. CCEP announced in March last year it was to close both sites with the loss of almost 300 jobs.

It was not immediately clear if Refresco's acquisition will safeguard the jobs. Financial details of the deal were also not disclosed.

Hans Roelofs, Refresco CEO, said: "The UK is an important growth market for Refresco. With the Milton Keynes site we further strengthen our manufacturing footprint and ability to serve our customers locally. This acquisition also further strengthens our relationship with Coca-Cola European Partners, to whom we already provide contract manufacturing services in France, Germany and the Netherlands."

Under the terms of the agreement, Refresco will lease the sites' contract manufacturing activities. The deal is expected to close by the end of this year.

CORRECTION: This article was amended on 12/09/2019 to show that CCEP announced it was closing the factories in March 2018, not this year.

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Sectors: Soft drinks, Water

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