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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Coffee & tea
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acquisition
Nestlé advances water unit stake sale as private equity bidders progress – FT reports
Nestlé’s planned sale of a stake in its water division has moved into the next phase, with several private equity firms advancing in the bidding process, according to a report by the Financial Times.
Keurig Dr Pepper updates financing plan for JDE Peet’s acquisition
Keurig Dr Pepper has announced updated financing plans and transaction timelines for its acquisition of JDE Peet’s and its separation into two independent companies.
Refresco to acquire SunOpta in $6.50 per share deal
Refresco, the global independent beverage solutions provider, has entered into a definitive agreement to acquire SunOpta in an all-cash transaction valued at $6.50 per share.
Caffè Nero North America named stalking horse bidder in Compass Coffee asset sale
Caffè Nero North America has been selected as the stalking horse bidder in the court-supervised sale of assets belonging to US coffee chain Compass Coffee.
Five Star acquires US vending operator Jordan Distributing
Five Star Breaktime Solutions has acquired a Chattanooga, Tennessee-based vending and micro market business, Jordan Distributing, expanding its footprint across Southeast Tennessee and North Georgia.
KDP’s $18bn JDE Peet’s bid signals new phase of consolidation in global coffee
Keurig Dr Pepper’s $18 billion bid for JDE Peet’s signals rapid coffee consolidation as record bean prices and supply shocks squeeze margins.
Cizzle Brands acquires Flow Water in $60.63m deal
Cizzle Brands has acquired 100% of Flow Water from RI Flow Sub in a transaction valued at approximately CAD 83.75 million (approx. $60.63 million), subject to customary post-closing adjustments.
Unilever to sell Indonesian tea business for $89m
Unilever Indonesia has agreed to divest its tea business in Indonesia, including the SariWangi brand, to Savoria Kreasi Rasa, a subsidiary of Djarum Group.
Five Star Breaktime Solutions Acquires Savannah Healthy Vending
Five Star Breaktime Solutions has completed the acquisition of Savannah Healthy Vending, expanding its operations and customer base in Georgia, US.
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