Refresco Group B.V. intends to acquire Spumador, enhancing its presence in the growing Italian private label beverage market.

Information on the Target

Refresco Group B.V. has announced its intention to acquire Spumador, which is the largest producer of private label carbonated soft drinks (CSDs) and mineral water in Italy. Spumador operates five production facilities in Northern Italy and is recognized for its extensive portfolio that includes ready-to-drink (RTD) iced teas, sports drinks, and fruit juices, in addition to CSDs and mineral water. The company boasts several well-known trademarks, including San Antonio, Valverde, and San Attiva.

In 2009, Spumador achieved revenues of €170 million, representing a 7% increase over the previous year, and produced a total of 958 million liters, which is more than a 9% rise compared to 2008. This performance underscores Spumador's pivotal role in the Italian retail market.

Industry Overview in Italy

The Italian beverage market is a significant sector within Europe, characterized by a strong demand for non-alcoholic beverages, primarily CSDs and mineral water. In recent years, the market has shown resilience and adaptability, with a projected growt