Deals this week: Refresco Group, Braskem

7 September 2017 (Last Updated September 13th, 2017 12:11)

Refresco Group, a bottling company based in the Netherlands, is set to acquire the bottling business of beverage company Cott.

Refresco Group, a bottling company based in the Netherlands, is set to acquire the bottling business of beverage company Cott.

Refresco has received shareholders’ approval for the deal, which is valued at approximately $1.25bn.

The acquirer anticipates the deal to create synergies to generate roughly €47m ($56.2m) in revenue within three years of the deal closure.

"Refresco Group, a bottling company based in the Netherlands, is set to acquire the bottling business of beverage company Cott."

Braskem has renewed its agreement with Sojitz Pla-Net for the supply of its green polyethylene named ‘I’m green Polyethylene’, which is made using renewable feedstock.

Braskem, which is a petrochemical company, is also one of the biggest resin manufacturers in the Americas.

Sojitz Pla-Net, a plastics trading company that is part of the Sojitzk Group, offers plastics resins, packaging materials and electronics materials.