Refresco to acquire Spanish plant-based drinks firm Frías

Refresco, the global independent beverage solutions provider for retailers and brands, said it has entered into an agreement to acquire Frías Nutrición from Alantra Private Equity and the founding family.
Frías is a leading manufacturer of plant-based drinks with a production facility located in Burgos, Spain and employs around 250 people. Frías produces private label plant-based drinks, including almond, rice, hazelnut, and soy drinks, for key Spanish retailers and beyond.