3i-Backed Refresco Holding Adds On

Refresco Holding BV, a portfolio company of 3i Group, has agreed to acquire Soft Drinks International, a German maker of softdrinks and bottled waters. No financial terms were disclosed.

PRESS RELEASE

Refresco Holding B.V. announces its intention to acquire Soft Drinks International (SDI), a German producer of soft drinks and water. Refresco is European market leader in the production of private label soft drinks and fruit juices and leading in co-manufacturing for international A-brands. SDI is a strong, regional producer, primarily active in the German market and the Benelux, with production facilities in Erftstadt (Germany) and Heerlen (The Netherlands). Products of SDI are also exported to other European countries. SDI focuses solely on the private label segment. In 2009, turnover totalled EUR 140 million, against a production of approximately 1 billion units. The transaction is expected to be completed within several months. Details regarding the acquisition price will not be publicized.

The acquisition is fully in line with Refresco’s Buy & Build strategy, which is focused on further strengthening and expanding the company’s leading position in the area of non-alcoholic beverages in Europe. The takeover signifies an important step for Refresco in the growing German market for carbonated soft drinks (CSDs). It allows Refresco to further expand its product range – which in Germany currently consists primarily of fruit juices – with CSDs and transforms Refresco Germany into a full service provider of non-alcoholic beverages.

In addition, the acquisition allows Refresco to integrate the activities of SDI in its existing organization and consequently further optimize its production processes and improve its competitive position to become one of the top three biggest manufacturers of soft drinks and fruit juices in Germany. Furthermore it will reinforce Refresco’s position on the growing private label market.

Refresco CEO Hans Roelofs: “We are happy to be able to announce this acquisition, shortly after the capital injection by 3i. SDI complements our existing activities well and enables us to further expand our position in the European market in general and the German market in particular. The acquisition allows us to further strengthen and expand our product range for existing clients. The integration of the production processes will allow us to further optimize the Refresco organization. In the past, we have shown that by using this approach, we can create added value both for the business and for our clients.”

Jürgen May, CEO of Soft Drink International (SDI), also views the takeover as a positive step and commented: “The beverage market in Germany is going through a challenging phase of consolidation. Businesses must attain a critical mass if they want to succeed in meeting these challenges. SDI has made the right move in joining the Refresco Group, making it one of the major players in Europe and in Germany, and this move has had my full backing from the start. We are delighted that we can bring in our full range of skills and expertise in CSDs and make our own contribution to the success of the company.”

For further information, please contact:
Eiblin Fidder, Communications Manager Refresco
Tel. +31 (0)78 632 13 19
Fax. +31 (0)78 632 12 09
eiblin.fidder@refresco.com

Notes To Editors
About Refresco:
Refresco is European market leader of soft drink and fruit juice production for retail private label and leading in contract manufacturing for international A-brands. Since the establishment in 2000, the company has grown to 19 production sites in 8 countries across Europe with more than 2,200 employees. In 2009 Refresco realized a

turnover of €1.14 billion. Refresco is building a European platform of manufacturers of soft drinks and fruit juices. Refresco Holding is located in Dordrecht, The Netherlands. www.refresco.com

About Refresco Germany:
In Germany, Refresco operates four cold aseptic production sites in Uelzen, Herrath, Grünsfeld and Dachwig, with an annual output of some 800 million units comprising fruit juices, nectars, direct juices, fruit juice drinks, iced teas, still mineral water, children’s drinks and still spritzer. Its core business lies in private label production and contract manufacturing for industry. It has more than 20 filling lines in Germany (carton & PET). In 2009, Refresco Germany realized a turnover of more than EUR 240 million. Refresco Germany is headquartered in Mönchengladbach. www.refresco.de