Steady retreat
At the end of 2013, Refresco Gerber was created through the merger of Dutch Refresco and British Pride Foods which was active under the Gerber Emig name. Their collaboration resulted in a group with a 2014 turnover of some 2 billion euro. It bottled some 6 billion liters of sodas and juices for a range of retailers’ private labels that year. Icelandic Feskur and investment fund 3i owned Refresco, while Tomoa owned Pride Foods.
Its owners partly brought Refresco Gerber to the Amsterdam stock exchange in March 2014, for 14.5 euro per share, using a combination of existing and new titles.
Now, the three shareholders sold off another 9.9 % of shares to institutional investors for 15.25 euro per share. Together, they now still own 37.7 %, while the percentage of freely available shares grew to 59 %.
