Bottlers Sign New Letters of Intent for Territories in Two States
National Product Supply Group to Add Two Members,
Including Newly Formed Regional Group that will Encompass Much of the Midwest
ATLANTA – July 27, 2016 – The
Coca-Cola announced new letters of intent involving two bottlers. The National Product Supply Group (NPSG) – which was formed to administer key activities for member bottlers, including production of cold-fill beverages – also announced that it is expanding.
The new letters of intent involve:
- Coca-Cola Bottling Company of Yakima, Wash., expects to add territory in Moses Lake, Wash. This is a portion of the Pacific Northwest territory that was previously announced under a letter of intent with Swire
Coca-Cola, USA. Coca-ColaRefreshments (CCR), a subsidiary of The Coca-ColaCompany, currently has exclusive distribution rights in this territory.
Coca-ColaBottling Company of North Carolina expects to add territory in Sanford, N.C. CCR currently has exclusive distribution rights in this territory.
The NPSG – which has five current members and a sixth, previously announced incoming member – expects to add to its membership. The two additional members are
Definitive Agreements and Closings
Coca-ColaBottling Co. of St. Cloud, Minn., has reached a definitive agreement for territories in parts of Minnesota, Wisconsin and Michigan.
- Great Lakes
Coca-ColaDistribution has reached a definitive agreement to acquire production facilities in Alsip and Niles, Ill., Eagan, Minn. and Milwaukee. Great Lakes has also closed deals for seven distribution centers in the Midwest.
21st Century Beverage Partnership Model History
These agreements are part of a plan to refranchise all of The
Since the closing of the transaction involving the North American territories with
Coca-Cola Enterprises, The
So far, the Company has reached definitive agreements or signed letters of intent to refranchise territories that account for approximately 65% of total U.S. bottler-delivered distribution volume, which equates to 71% of total
The new letters of intent announced today are subject to The
The Coca-Cola Company (NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands and more than 3,800 beverage choices. Led by
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- Continued Progress in Refranchising of North American Bottling Territories