Refreshment focuses on the water dispenser/cooler, office coffee service and vending sectors, while also taking an in-depth look into products for vending from bottled water and drinks, to snacks and confectionery. It also focuses on hydration, health and wellness, new technologies and environmental and social responsibility issues.
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Research
Coffee & tea
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Mergers & Acquisitions
Charoen Pokphand Foods to acquire 51% stake in Thai bottled water producer Brew Factory
Charoen Pokphand Foods (CPF) has announced plans to acquire a 51% stake in Thailand-based bottled water manufacturer Brew Factory in a deal worth THB 334.7 million (approx. $10.1 million).
Yum Brands completes $1.5bn sale of Pizza Hut business to LongRange Capital
Yum Brands has completed the sale of its Pizza Hut business outside Mainland China to private equity firm LongRange Capital for approximately $1.5 billion.
Keurig Dr Pepper to sell Chobani stake and facility for $925 million, Chobani unveils $1.2bn investment in site
Keurig Dr Pepper (KDP) has agreed to sell its full equity stake in Chobani back to the company for $800 million, as well as its manufacturing facility in Pennsylvania for approximately $125 million.
Danone’s £864m Huel acquisition cleared by UK competition watchdog
The UK Competition and Markets Authority (CMA) has today (20 August 2026) cleared Danone’s £864 million acquisition of plant-based nutrition brand Huel.
A1R Water completes SPAC merger and secures $96m to expand production
Atmospheric water generation company A1R Water has completed its merger with Inflection Point Acquisition Corp III, paving the way for its Nasdaq debut.
Yum Brands completes $1.2bn sale of Pizza Hut China
Yum Brands has completed the sale of its Pizza Hut business in Mainland China to Yum China Holdings for $1.2 billion.
Vita Coco acquires Thai coconut water producer Copra for up to $275m
Vita Coco has acquired super-premium Thai coconut water producer Copra in a deal that will expand its presence across the coconut water category and give it access to a fast-growing premium segment.
Five Star acquires Weber Custom Vending to expand Ohio operations
Five Star Breaktime Solutions has acquired Weber Custom Vending, a vending and micro market operator serving the Greater Cincinnati and Dayton regions of Ohio, US.
Intersnack to take Utz Brands private in $2.9bn deal
German snack manufacturer Intersnack Group has agreed to acquire US salty snacks producer Utz Brands in a transaction valuing the business at approximately $2.9 billion.
Nestlé and Platinum Equity announce launch of $5.6bn joint venture, Peranel
Nestlé and Platinum Equity have announced the launch of Peranel, a 50/50 joint venture for Nestlé’s waters and premium beverages business.
Heineken Costa Rica agrees to acquire RainForest Water
Heineken Costa Rica has signed an agreement to acquire RainForest Water, a Costa Rican premium artesian water brand, through its subsidiary Distribuidora La Florida.
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