Refresco plots potential IPO at $10 billion-plus valuation, sources say
Tap title to read story
Netherlands-based beverage manufacturer Refresco and its private equity owner KKR are exploring a potential initial public offering that could value the company at more than $10 billion. KKR, which acquired Refresco in 2022 for roughly $8 billion through its global infrastructure strategy, has recently held pitch meetings with investment banks for advisory roles on the public offering. Refresco operates as the world's largest independent beverage manufacturer, providing contract manufacturing, bottling, and distribution services to major retailers like Walmart and Aldi, as well as branded companies including Coca-Cola, PepsiCo, and Monster Beverage. The company generated close to $7 billion in revenue and roughly $930 million in adjusted EBITDA in 2025, further expanding its market footprint through the acquisition of SunOpta early in 2026. While the IPO could target a listing in either the United States or Europe, timing remains subject to broader market volatility, interest rate expectations, and general IPO market conditions.
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.