What Radenska does

Radenska d.o.o., operating commercially as Radenska ADRIATIC, is a Slovenian-headquartered beverage company founded in 1869 and a wholly-owned subsidiary of the Kofola Group since 2015–2016. Its core business is bottling and distributing natural mineral water from protected springs near Radenci, Slovenia (Radenska Classic, Radenska Naturelle), with a diversified portfolio of carbonated soft drinks (Ora, Oraketa), functional beverages (FunctionALL), flavored waters (Oaza, Radenska z okusom), and licensed PepsiCo brands (Pepsi, Mirinda, 7Up). The company also manages acquired Croatian heritage brands (Voćko, Nara, Inka) and the Studenac/Studena spring water line through its Studenac d.o.o. subsidiary, which operates the Lipik, Croatia bottling facility.

Production runs from two owned sites — Radenci (Slovenia) for primary mineral water and Croatia-facing beverages, and Lipik (Croatia) for the Studenac portfolio — supported by a 400+ employee workforce. Revenue is generated almost entirely through branded, unit-priced physical goods sold via retail (supermarkets, grocery chains including Lidl partnerships) and HORECA (hotels, restaurants, cafes) channels across Slovenia and Croatia. The business model relies on scale distribution of a multi-brand portfolio, government-recognized source-water protections (formalized through the 2021 GIZ Lokalno je obetavno interest group), and recurring brand-building investment such as the 44-year-old Marathon of Three Hearts, frequent consumer sweepstakes, and rPET-based sustainable packaging launched in 2020. Radenska does not disclose pricing or revenue figures; product positioning and channel activity are public via the company's promotional websites, social media, and the Srčno za jutri sustainability platform.

Name

Radenska

Legal name

Radenska d.o.o.

Website

https://radenska.si

Company type

Private

Founded year

1869

Operating status

Operating

Headcount range

101–250 employees

Short description

Radenska ADRIATIC is a Slovenian beverage company, founded in 1869 and part of the Kofola Group, that bottles mineral water and produces soft drinks, functional beverages, and licensed Pepsi brands for retail and HORECA customers across Slovenia and Croatia.

Ownership category

akta.pro rank

Product category

Bottled Mineral Water and Beverages

NAICS

Bottled Water Manufacturing (312112), Soft Drink Manufacturing (312111)

SIC

Beverages (2080), Bottled & Canned Soft Drinks & Carbonated Waters (2086)

akta.pro primary industry

Mineral Water Bottling (Naturally Mineral) (AFAFACAB)

akta.pro secondary industries

Sparkling/Carbonated Bottled Water Production (AFAFACAE), Flavored/Enhanced Bottled Water Production (Essenced, Vitamin, Electrolyte) (AFAFACAF), Bottled Water (Still, Sparkling, Enhanced) (CRADAHAC), Sports Drinks & Hydration Beverages (CRADAHAK)

Keywords

• Bottled mineral water
• Natural mineral water
• Carbonated soft drinks
• Functional beverages
• Beverage manufacturing

Headquarters

HQ city

Radenci

HQ country

Slovenia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Bottled Water Sales: Core revenue from natural mineral water products including Radenska Classic, Radenska Naturelle, and flavored variants sold in glass and PET bottles through retail channels.
2. Beverage Portfolio: Revenue from carbonated soft drinks (Ora, Pepsi), functional drinks (FunctionALL), sports drinks, vitamin drinks, and fermented beverages.
3. Licensed Brand Distribution: Distribution of PepsiCo products (Pepsi, Mirinda, 7Up) on Slovenian and Croatian markets, as well as Badel 1862 brands (Voćko, Nara, Inka) in the Adriatic region.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Radenska bottles and distributes natural mineral water drawn from springs in Radenci, Slovenia, under the flagship Radenska Classic and still water Radenska Naturelle brands. It complements its mineral water lines with carbonated soft drinks (Ora, Oraketa, Oaza), functional beverages (FunctionALL), and licensed PepsiCo products (Pepsi, Mirinda, 7Up) for Slovenia and Croatia, plus acquired Croatian brands Voćko, Nara, Inka, and Studena/Studenac, all sold through retail, HORECA, and promotional channels.

Product overview

Radenska ADRIATIC is a diversified beverage company offering a portfolio of natural mineral waters, carbonated soft drinks, functional beverages, and licensed brands. Core products include Radenska Classic (premium mineral water since 1869) and Radenska Naturelle (natural spring water). The company expanded through acquisitions (Voćko, Nara, Inka, Studenac) and holds licenses for Pepsi products. Brands include Ora (carbonated orange soda), Oraketa (HoReCa beverages), FunctionALL (functional drinks), and Oaza (flavored waters). Markets: Slovenia and Croatia via own production facilities and distribution networks.

Differentiator

Problem solved

Functional benefit

Brands

• Radenska Classic: Premium natural mineral water, the company's flagship product featuring natural bubbles from the spring
• Radenska Naturelle
• Ora
• Oraketa
• FunctionALL
• Oaza
• Radenska z okusom

Products and services

• Radenska Classic (Kraljevi vrelec) Premium natural mineral water from springs in Radenci, Slovenia, with natural carbonation and the iconic three hearts logo; the company's flagship product and Slovenia's flagship mineral water brand for over 157 years.
• Radenska Naturelle Still natural mineral water sourced from protected springs near Radenci, packaged in 100% recycled PET (rPET) bottles; recognized with the highest award at Monde Selection (2024) and the Izbrale mame mother-approved quality seal (2025).
• Ora (carbonated orange soda) Traditional carbonated orange soda brand, one of the leading soft drinks in the Adriatic region, available in original and Tangerine flavors.
• Oraketa Carbonated soft drink marketed primarily in the HORECA (hotel/restaurant/cafe) channel; awarded the Red Dot Design Award in 2025.
• FunctionALL Line of functional beverages targeting health-conscious consumers seeking beverages with health benefits beyond basic hydration.
• Oaza Flavored water brand with natural flavors including lipa (linden), orange, raspberry, and other variants, recognized with gold medals at AGRA international competitions.
• Radenska z okusom (flavored mineral water line, including apple-cinnamon holiday edition) Flavored mineral water line combining natural Radenska mineral water with natural flavors, including seasonal holiday variants such as apple and cinnamon.
• Studena / Studenac Spring water brand produced at the Lipik, Croatia bottling facility (Studenac d.o.o.), part of the Adriatic regional portfolio.
• Voćko, Nara, and Inka (traditional Croatian soft drink brands) Traditional Croatian soft drink brands acquired from Badel 1862 in 2016, distributing heritage non-alcoholic beverages in the Adriatic region.
• Licensed PepsiCo beverage distribution (Pepsi, Mirinda, 7Up) Licensed distribution of PepsiCo soft drink brands including Pepsi, Mirinda, and 7Up on the Slovenian and Croatian markets under a license agreement with PepsiCo.

Quantifiable outcome

• 2nd place among FMCG brands in Slovenia (Valicon TOP BRANDS 2025)
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Badel 1862coreStrategic or Co-development PartnerKofola ČeskoSlovensko acquired Badel 1862's non-alcoholic beverage portfolio including Voćko, Nara, and Inka brands. Radenska manages these traditional Croatian beverage brands as part of the Adriatic region portfolio expansion in 2016.
• Kofola ČeskoSlovenskocoreStrategic or Co-development PartnerRadenska became part of the Kofola Group family in spring 2015. Kofola is a leading European soft drink manufacturer with operations in Czech Republic, Slovakia, Slovenia, Poland, and Croatia.
• Zavod za gozdove Slovenije (Slovenian Forestry Institute)coreStrategic or Co-development PartnerPartnership for forest restoration and reforestation projects. The institute helps select appropriate tree species and oversees planting of seedlings in damaged forest areas in Pomurje region.
• Croatian Scout Association (Boranka)coreStrategic or Co-development PartnerPartnership for the Boranka reforestation initiative - Europe's largest voluntary tree planting action. Radenska has supported planting 10,000 trees annually on fire-affected Dalmatian areas since 2020.
• PepsiCocoreChannel Partner/ Reseller/ DistributorRadenska distributes Pepsi, Mirinda, and 7Up products in Slovenia and Croatia under license agreement with PepsiCo.
• GIZ Lokalno je obetavnocoreStrategic or Co-development PartnerEconomic interest association founded in 2021 at Radenska's initiative. Partners include Radenska, Municipality of Radenci, and Agency SIV. Goals include water source protection, sustainable practices, and support for local community.
• Baby CenterminorGTM or Marketing PartnerPartner in the Trojčki (Triplets) charity project, providing practical gift packages to families with newborn triplets along with specially adapted strollers from Radenska.
• Lidl SloveniaminorChannel Partner/ Reseller/ DistributorRetail partnership for promotional sweepstakes campaigns where customers can participate by purchasing Radenska products at Lidl stores and scanning with Lidl Plus app.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Jamnica: Croatia's leading mineral water and non-alcoholic beverage producer (part of Fortenova/Agrokor group). Directly comparable to Radenska in mineral water and CSD portfolio serving Croatian retail and HORECA channels.
• Jana (Atlantic Group): Croatian natural mineral water brand owned by Atlantic Group. Closely comparable to Radenska Classic and Studena spring waters across Croatian retail shelves and HORECA outlets.
• Coca-Cola HBC (Croatia/Slovenia): Bottler and distributor of Coca-Cola system brands across Slovenia and Croatia. Directly competes with Radenska's Ora/Oraketa CSDs and licensed Pepsi portfolio for shelf space and HORECA placements.
• Cedevita (Atlantic Group): Leading Croatian vitamin/functional instant beverage brand under Atlantic Group. Compares to Radenska's FunctionALL functional line and Oaza flavored waters in the regional functional/hydration category.
• Donat Mg: Slovenian natural mineral water brand owned by Droga Kolinska (Atlantic Group). Comparable as a premium Slovenian mineral water peer competing for the same domestic retail and HORECA accounts.

Broad incumbents

• Nestlé Waters: Global bottled water incumbent (Perrier, San Pellegrino, local spring water brands). Comparable as a broader-scale packaged-water competitor shaping category pricing and sustainability benchmarks in Europe.
• PepsiCo: Global beverage and snacks major that licenses Pepsi, Mirinda and 7Up to Radenska. Comparable as a broader incumbent whose portfolio (and licensing economics) directly shapes Radenska's competitive set.
• Danone Waters: Global bottled water major (Evian, Volvic, BonAqua). Comparable as a large incumbent competing for premium hydration positioning and HORECA listings across European markets.
• Podravka: Croatian-headquartered food and beverage conglomerate with regional brands in soups, condiments and beverages. Comparable as a diversified CEE/Adriatic consumer goods player competing for retail shelf and consumer mind share.
• Kofola Group (Kofola ČeskoSlovensko): Radenska's parent group and leading CEE soft drinks manufacturer operating across Czech Republic, Slovakia, Slovenia, Poland and Croatia. Overlapping portfolio (Kofola, Vinea, Rajec, Studenac) makes it the closest group-level peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/trisrca
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/radenska
• Instagraminstagram.com/radenska
• Xx.com/Radenska

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Radenska