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The company has been on an acquisition spree recently, agreeing to buy German mineral water company Hansa-Heemann in July and three of Coca-Cola Co.’s U.S. production facilities in August. Refresco reported a 15% rise in adjusted earnings before interest, taxes, depreciation and amortization to $186m for the second quarter.
Refresco may also attract interest from blank-check companies or other private equity firms, the people said. Deliberations are at an early stage, and there’s no certainty they will lead to a transaction, the people said. A representative for PAI declined to comment.
PAI, which bought into Refresco in 2018 at a valuation of $3.97bn, is an experienced investor in the food and beverage space. Earlier this month, it agreed to buy PepsiCo Inc.’s juice brands, including Tropicana and Naked, for about $3.3bn.
Source: Yahoo News
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