Coca-Cola UNITED also to acquire production facilities in Georgia, Alabama and Tennessee as part of National Product Supply System
ATLANTA, Dec. 9, 2015 – The
In each territory, The
- Coca-Cola Beverages Florida, based in Tampa, will assume additional territory in southeastern Florida including Ft. Lauderdale, Hollywood, Miami and West Palm Beach.
- Coca-Cola Bottling Company UNITED, based in Birmingham, Ala, will assume additional territories in north and central Georgia including Atlanta and the Metro Atlanta area, Athens, Macon and Rome. Additionally, as part of the National Product Supply System, UNITED will acquire production facilities in College Park and Marietta, Ga, Montgomery, Ala. and Cleveland, Tenn.
Coca-ColaBottling Company, based in St. Cloud, Minn., will assume territory in portions of northern Minnesota including Duluth and northern Wisconsin including Ashland, and a portion of Michigan.
Consistent with previous transactions, The
“Together with our bottling partners, we are changing the landscape of our U.S. system,” said Sandy Douglas, president,
- Clark Beverage Group will assume additional markets in Mississippi.
- Chesterman Company will assume new territory in Nebraska and western Iowa, including the Omaha and Lincoln markets.
In total, and including the letters of intent announced today, territories transitioned to-date or included in agreements represent almost 40% of total U.S. bottle-delivered distribution volume.
The letters of intent announced today are subject to the parties reaching definitive agreements. The parties are committed to working together to implement a smooth transition with minimal disruption for customers, consumers and system associates. Financial terms were not disclosed.
- Coca-Cola Bottling Co. Consolidated will acquire production facilities in Sandston, Va., and Baltimore and Silver Spring, Md.
- Coca-Cola Bottling Company UNITED will acquire the production and distribution facility in New Orleans, La.
Coca-ColaUSA will acquire production facilities in Phoenix, Ariz. and Denver, Colo.
The transition of these production facilities from CCR to NPSS bottlers is anticipated to take place between 2016 and 2018. The
This press release may contain statements, estimates or projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from The Coca‑Cola Company’s historical experience and our present expectations or projections. These risks include, but are not limited to, obesity concerns; water scarcity and poor quality; evolving consumer preferences; increased competition and capabilities in the marketplace; product safety and quality concerns; perceived negative health consequences of certain ingredients, such as non-nutritive sweeteners and biotechnology-derived substances, and of other substances present in our beverage products or packaging materials; increased demand for food products and decreased agricultural productivity; changes in the retail landscape or the loss of key retail or foodservice customers; an inability to expand operations in emerging and developing markets; fluctuations in foreign currency exchange rates; interest rate increases; an inability to maintain good relationships with our bottling partners; a deterioration in our bottling partners' financial condition; increases in income tax rates, changes in income tax laws or unfavorable resolution of tax matters; increased or new indirect taxes in the United States or in other major markets; increased cost, disruption of supply or shortage of energy or fuels; increased cost, disruption of supply or shortage of ingredients, other raw materials or packaging materials; changes in laws and regulations relating to beverage containers and packaging; significant additional labeling or warning requirements or limitations on the availability of our products; an inability to protect our information systems against service interruption, misappropriation of data or breaches of security; unfavorable general economic conditions in the United States; unfavorable economic and political conditions in international markets; litigation or legal proceedings; adverse weather conditions; climate change; damage to our brand image and corporate reputation from negative publicity, even if unwarranted, related to product safety or quality, human and workplace rights, obesity or other issues; changes in, or failure to comply with, the laws and regulations applicable to our products or our business operations; changes in accounting standards; an inability to achieve our overall long-term growth objectives; deterioration of global credit market conditions; default by or failure of one or more of our counterparty financial institutions; an inability to timely implement our previously announced actions to reinvigorate growth, or to realize the economic benefits we anticipate from these actions; failure to realize a significant portion of the anticipated benefits of our strategic relationships with Keurig Green Mountain, Inc. and Monster Beverage Corporation; an inability to renew collective bargaining agreements on satisfactory terms, or we or our bottling partners experience strikes, work stoppages or labor unrest; future impairment charges; multi-employer plan withdrawal liabilities in the future; an inability to successfully integrate and manage our Company-owned or -controlled bottling operations; an inability to successfully manage the possible negative consequences of our productivity initiatives; global or regional catastrophic events; and other risks discussed in our Company’s filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2014, and our subsequently filed Quarterly Reports on Form 10-Q, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Coca‑Cola Company undertakes no obligation to publicly update or revise any forward-looking statements.