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3w ago

Manaos Completes $74 Million Acquisition of Prodea’s Cunnington and Neuss Brands

Refres Now will keep the century-old labels independent under separate management in a bid to expand beyond the low-price segment.

Canido Manaos
Planta de gaseosas Cunnington, en el Parque Industrial de Pilar
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Overview

  • Refres Now secured full equity in Prodea through a US$74 million deal finalized on July 29, 2025.
  • The acquisition brings historic Cunnington tonic and Neuss water brands into Manaos’s portfolio without merging operations.
  • Each label will retain its existing management and staffing levels, with no planned personnel cuts.
  • This marks Refres Now’s second major purchase after the 2018 Pindapoy deal, underscoring its growth strategy via targeted acquisitions.
  • With value labels now accounting for over 55 percent of Argentine beverage sales, Manaos is positioning itself to challenge Coca-Cola and PepsiCo across multiple market tiers.