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Tag: Refresco

  • Steve Presley Takes Helm As CEO Of Refresco: A Strategic Move For Global Growth

    Steve Presley Takes Helm As CEO Of Refresco: A Strategic Move For Global Growth

    Refresco, a leading independent beverage solutions provider, has announced the appointment of Steve Presley as its new Chief Executive Officer. Presley will assume the role effective from August 4, spearheading the company’s global growth strategy and joining its executive board.

    Experienced Leadership

    Presley, a seasoned veteran in the food and beverage industry, brings nearly three decades of experience to his new role at Refresco. His most recent position was at Nestle, where he served as the executive Vice President and CEO of Zone Americas. His considerable industry experience, along with strong relations with retailers and brands, is expected to be a considerable asset for the company.

    James Cunningham, a partner at KKR and chairman of Refresco’s supervisory board, expressed his confidence in the appointment, remarking on Presley’s entrepreneurial spirit along with his extensive operational and financial expertise. He also highlighted Presley’s deep understanding of customer needs, which are likely to be key assets in Refresco’s mission to continue delivering exceptional beverage solutions globally.

    About Refresco

    As the world’s leading independent beverage solutions provider, Refresco caters to a broad range of clients, including global and national brands, as well as emerging brands and retailers. The company operates production facilities across Europe, North America, and Australia, offering a diverse selection of beverages. These range from soft drinks, juices, ready-to-drink teas, and mineral waters to energy drinks and plant-based beverages.

    Questions & Answers

    Who is the newly appointed CEO of Refresco?
    Steve Presley is the newly appointed CEO of Refresco. He will take on his new role from August 4.

    What experience does Steve Presley bring to Refresco?
    Presley brings nearly 30 years of experience in the food and beverage industry. He previously held the role of executive Vice President and CEO of Zone Americas at Nestle.

    What is Refresco’s area of expertise?
    Refresco is a leading independent beverage solutions provider, offering a wide range of beverages such as soft drinks, juices, ready-to-drink teas, mineral waters, energy drinks, and plant-based beverages. It operates production facilities across multiple continents including Europe, North America, and Australia.

  • Refresco expands into Australia with Tru Blu acquisition

    Refresco expands into Australia with Tru Blu acquisition

    Refresco Group, the global independent beverage solutions provider for Global, National and Emerging (GNE) brands and retailers in Europe and North America, today announces it has entered into an agreement to acquire Tru Blu Beverages Pty Ltd. (“Tru Blu Beverages”), one of Australia’s leading manufacturers of non-alcoholic beverages. This transaction is subject to regulatory approval.

    “Today’s announcement is a testament to our proven Buy & Build strategy. We started with one factory in Europe just over two decades ago and steadily built a diversified, pan-European platform. Only six years ago, we took our first step into North America. We now operate over 70 manufacturing sites globally, with just about half of those located across North America and the rest throughout Europe, offering a full range of beverage solutions to a broad customer base.

    The acquisition of Tru Blu Beverages in Australia creates a new platform for Refresco, in line with our strategic promise to expand into a third continent. The three strategically located manufacturing sites are the starting point for our future footprint in the region. Acquiring Tru Blu Beverages further strengthens our position as beverage solutions provider to branded customers and leading retailers globally, and provides new opportunities for further growth.”

    “By joining Refresco, our customers, suppliers and employees will be able to benefit from the Company’s broad capabilities, experience and expertise. We are proud to become part of the Refresco family, with its strong entrepreneurial spirit and passion to deliver quality service to its customers. Tru Blu Beverages’ leading capabilities and blue-chip customer base gives Refresco a solid entrance into the Australian market. We look forward to building an even stronger platform together.”

    The acquisition of Tru Blu Beverages expands Refresco’s addressable market and provides opportunities to leverage Refresco’s size and scale, as well as its track record of successfully integrating companies. Tru Blu Beverages fits right into Refresco’s business model, with its wide range of beverage solutions for retailer brands and global, national and emerging brands. In addition, Refresco’s strategic ESG agenda will enable Tru Blu Beverages to accelerate its efforts of minimizing the environmental impact of manufacturing processes, packaging and transport.

    Refresco obtains a national Australian market position by acquiring Tru Blu Beverages, with opportunities to drive continued growth in the region, both organically and through acquisitions.

    Refresco intends to continue expanding its global and strategically located footprint to better serve existing and new customers through a range of formats and channels. We will continue to make selective investments and acquisitions, targeting value-accretive opportunities.

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