Houlihan Lokey is pleased to announce that Whitlock Packaging Corp. (Whitlock) has been acquired by Refresco Group N.V (Refresco). The transaction closed on September 7, 2016.
Founded in 1987 and based in Fort Gibson, Okla., Whitlock is one of the largest independent contract manufacturers of refreshment beverages in North America. The company specializes in aluminum, aseptic, plastic, and bag-in-box packaging. Whitlock serves as a strategic partner to many of North America’s most iconic beverage brands. Additionally, the company’s aseptic carton and hot-fill capacities are some of the largest in the North American marketplace.
Refresco, headquartered in the Netherlands, is the leading European bottler of soft drinks, water, juices, and energy drinks for retailers and branded customers. The company’s packaging capabilities include polyethylene terephthalate (PET), aseptic, carton, can, and glass packaging. In 2015, the company realized full-year volumes and revenue of approximately 6.1 billion liters and €2.0 billion, respectively. Currently, Refresco operates in the Benelux, Finland, France, Germany, Iberia, Italy, Poland, and the U.K.
Houlihan Lokey served as the exclusive financial advisor to Whitlock and assisted in structuring and negotiating the transaction on their behalf. This deal represents another successful transaction for Houlihan Lokey in the food & beverage industry.
Compliments of Houlihan Lokey – a member of the EACCNY