GlobalData
1 min read
Dutch drinks group Refresco has agreed to acquire Norway-based soft-drinks manufacturer Telemark Kildevann (TKV).
In a statement, Refresco said the purchase “further strengthens its presence and operational capabilities to service customers across the Nordics”. Refresco's operations in Europe include assets in Finland.
Family-owned TKV makes soft drinks and bottled water, supplying branded customers and retailers in Norway and Sweden.
The company runs two production facilities in the Norwegian towns of Fyresdal and Aurskog. More than 60 TKV employees will become part of Refresco’s workforce of over 14,000 once the deal is completed, which is expected to be later this year.
The transaction, struck for an undisclosed sum, is awaiting regulatory approval.
Refresco CEO Hans Roelofs said: “TKV’s loyal customer base, strong capabilities, and well-established market position enhances our ability to serve retailers and branded customers in Norway, Sweden and beyond.”
Just Drinks approached Refresco for further comment but had not received a response at the time of writing.
The move for TKV is the company's first acquisition of 2025. Last year, the company snapped up Spanish plant-based beverage maker Frías Nutrición, purchased a production site from German beverage group Berentzen-Gruppe and bought US-based VBC Bottling Company, a fellow contract manufacturer.
In May last year, Rotterdam-based Refresco opened its first European plant-based production line in Germany, marking an entry into the oat drinks’ market.
As part of the deal for the Berentzen-Gruppe facility, Refresco also bought the mineral-water brands Märkisch Kristall and Grüneberg Quelle.
"Refresco to buy Norway soft-drinks group Telemark Kildevann" was originally created and published by Just Drinks, a GlobalData owned brand.
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