Rotterdam, The Netherlands. – Refresco has reached a strategic agreement with PepsiCo for the production of part of the PepsiCo beverages volume in Spain effective 1 November 2019.
Refresco and PepsiCo are already partners in other European markets, including France, Belgium, Germany, and in the USA.
The agreement also involves the transfer of two of the three factories PepsiCo currently has in Spain: Tafalla (Navarra) and Seville. Both in a geographical and technological way, these production locations complement the current Refresco plants in Spain and provide Refresco with extra capacity for its growth in Spain.
PepsiCo will have a mixed supply model in Spain, since its third plant located in Echávarri Viña (Alava), which is also dedicated to the production of carbonated beverages, will continue to be a part of PepsiCo's operations, serving both Spain and other European markets thanks to its strategic location.
Victor Perez, PepsiCo's South West Europe Supply Chain Director, notes, "This new mixed supply model is key to our sustainable growth in the Spanish market. Refresco is a natural partner for PepsiCo as we successfully work together in other markets maintaining our high standards of quality and service”.
As Hans Roelofs, CEO Refresco Group, explains: ”This agreement is a very good extension of our relationship with one of our key customers, PepsiCo. It also confirms our business model in Spain, serving retailers and contract manufacturing customers".
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For further information:
Nicole McDonald, nicole.mcdonald(at)refresco.com, tel. +31 104 405 114 / +31 6 1271 6869
About Refresco
Refresco is the world's largest independent bottler of beverages for retailers and A-brands with production in Europe and North America. The company has full year volumes and revenue of circa 11 billion liters and circa €3.7 billion, respectively. Refresco offers an extensive range of product and packaging combinations from 100% fruit juices to carbonated soft drinks and mineral waters in carton, PET, Aseptic PET, cans and glass. Focused on innovation, Refresco continuously searches for new and alternative ways to improve the quality of its products and packaging combinations in line with consumer and customer demand, environmental responsibilities and market demand. Refresco is headquartered in Rotterdam, the Netherlands and has more than 9,500 employees. www.refresco.com
About PepsiCo
PepsiCo products are enjoyed more than a billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $64 billion in net revenue in 2018, thanks to a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a broad range of foods and beverages comprising 22 brands that generate more than $1 billion each in estimated annual sales.
PepsiCo's vision is to become the global leader in the Food and Beverage industry through "Winning with Purpose" that reflects our ambition to sustainably win in the marketplace and to integrate purpose into all aspects of the business.
PepsiCo Cautionary Statement
Statements in this release that are “forward-looking statements” are based on currently available information, operating plans and projections about future events and trends. Forward-looking statements inherently involve risks and uncertainties. For information on certain factors that could cause actual events or results to differ materially from our expectations, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.