Dutch juice and soft drink bottler Refresco has signed an agreement to acquire German mineral water and carbonated soft drinks maker Hansa-Heemann for an undisclosed sum.

Hansa-Heemann operates five production units across the country. The majority of its volume is in mineral water (60%) while 40% of its manufacturing includes carbonated soft drinks.

In addition to its own brands, the company produces for private label brands and offers contract manufacturing for A-brands.

With annual revenue of approximately $355m (€300m), Hansa-Heemann employs over 800 people.

Hansa-Heemann Supervisory Board chairman Wolff Lange said: “It is a promising opportunity for our family business to join Refresco as it will enable the Hansa-Heemann team to apply their knowledge and expertise with more impact at a much bigger scale.

“Our combined capabilities will accelerate our ambitions and further enhance our offering to customers.”

Refresco’s decision to acquire Hansa-Heemann is in line with its buy-and-build strategy, which has been a key driver of the company’s ongoing growth and value creation.

The company will use its existing cash position to fund this deal.

Completion of the deal is subject to regulatory approval. Upon completion, it will enhance Refresco’s product portfolio and geographical coverage.

Refresco Group CEO Hans Roelofs said: “We are very much looking forward to welcoming Hansa-Heemann to Refresco. Our companies are a great fit and Hansa-Heemann’s expertise and capabilities will allow us to further improve our operational excellence.

“In addition, this acquisition will further diversify our business and product offering, which will benefit our customers. Refresco Germany and Hansa-Heemann are highly complementary and through this acquisition, we will be able to offer nationwide coverage to German retailers.”