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.
Research
Coffee & tea

Mergers & Acquisitions
FreshBrew acquires White Coffee’s branded division
US coffee and tea roaster FreshBrew has acquired White Coffee Corp’s branded and licensed division, which includes a large portfolio of licensed bagged coffee and K-Cup products.
Coca-Cola Company sells controlling stake in African bottler to Coca-Cola HBC
The Coca-Cola Company and Gutsche Family Investments have announced the sale of a 75% controlling interest in Coca-Cola Beverages Africa to Coca-Cola HBC.
Starboard Value takes stake in Keurig Dr Pepper amid JDE Peet's acquisition
Activist investor Starboard Value has taken a stake in Keurig Dr Pepper, coinciding with the company's announcement of its plan to acquire European coffee maker JDE Peet's for approx. $18 billion.
Cropster acquires South Korea’s Firescope to expand reach in Asian coffee market
Coffee technology company Cropster has acquired Firescope, a South Korean developer of roasting software, strengthening its presence in the Asian speciality coffee market.
Lipton Teas and Infusions to sell Turkish tea factories to Öz-Gür Çay
Lipton Teas and Infusions has agreed to transfer ownership of its two tea processing factories in Türkiye’s Rize region to local tea producer Öz-Gür Çay, pending approval from local authorities.
Regal Foods acquires soft drinks brand Suncrest
Regal Foods, a global food and beverage group headquartered in the UK, has announced its acquisition of soft drinks brand Suncrest.
AeriTek acquires refrigeration manufacturer Due North
AeriTek Global Holdings, a portfolio company of private equity firm Mill Point Capital, has acquired Minus Forty QBD (operating as Due North), a Canadian-based manufacturer of commercial refrigeration solutions.
Diageo sells coffee-cream liqueur brand Sheridan’s to Casa Redondo
Diageo has announced the sale of its well-known coffee-cream liqueur brand, Sheridan’s, to Casa Redondo, a prominent Portuguese beverage-alcohol company.
PepsiCo boosts stake in Celsius with $585m deal
Celsius Holdings has deepened its partnership with PepsiCo in a deal that will see the functional energy drink maker take on a wider portfolio and a more prominent strategic role in the US market.
Coca-Cola mulls Costa Coffee sale amid shift to healthier innovations
The Coca-Cola Company is reportedly exploring the sale of Costa Coffee, the British coffee chain it acquired in 2018 for over $5 billion.
Keurig Dr Pepper to acquire JDE Peet’s for €15.7bn, plans spin-off into two public companies
Keurig Dr Pepper (KDP) has entered an agreement to acquire JDE Peet’s in an all-cash transaction valued at approximately €15.7 billion.
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