While demand for cold drinks continues to be strong worldwide, the industry is facing pressures from rising energy and materials costs. Frigoglass is a manufacturer of commercial beverage coolers. In April 2023, special situations firm Tetrad Capital Partners carried out a recapitalisation and restructuring of the business, ultimately selling Frigoglass’s Nigerian-based glass bottling business to private equity firm Helios.
In Africa, the reusability of glass bottles and a desire to reduce envir...
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