ATLANTA, Feb. 9, 2017 – The
The Company has completed seven closings since it last provided an update when third quarter earnings were announced on Oct. 26, 2016:
- Coca-Cola Beverages Florida, headquartered in Tampa, closed on territory in North Florida, including production facilities in Orlando and Jacksonville.
- Coca-Cola Bottling Co. Consolidated, based in Charlotte, N.C., completed two closings. The first involved territory in Louisa, Ky., and in Cincinnati and Dayton, Ohio, including a production facility in Cincinnati. The second involved territory in Fort Wayne, Lafayette, Anderson, Terre Haute and South Bend, Ind.
- Coca-Cola Bottling Company UNITED, based in Birmingham, Ala., acquired a production facility in Montgomery, Ala., and an Equipment Refurbishment Center in Atlanta.
- Coca-Cola of Durango-Farmington, based in Durango, Colo., closed on territory in Gallup, N.M.
- Great Lakes
Coca-ColaDistribution LLC, based in Rosemont, Ill., closed on territory in eastern Michigan, including a production facility in Detroit.
- The Odom Corp., based in Bellevue, Wash., closed on territory in Hawaii, including a production facility in Honolulu.
Four definitive agreements were also signed during the fourth quarter of 2016 or in early 2017. A definitive agreement, or DA, follows a letter of intent and is the final step prior to closing:
- Arca Continental of Monterrey, Mexico, reached a definitive agreement for a large area of the Southwest United States, including Texas and parts of Oklahoma, New Mexico and Arkansas. This region also has nine production facilities. AC’s operations in the United States will be called
Coca-ColaSouthwest Beverages. The Coca-ColaCompany will be a minority owner of AC Bebidas, which includes Coca-ColaSouthwest Beverages as well as AC’s beverage operations elsewhere in Latin America.
- Great Lakes
Coca-ColaDistribution LLC reached a DA for territory in much of Michigan, including production facilities in Detroit and Grand Rapids. The company has already closed on a portion of this territory and one of the facilities, as noted above.
Coca-ColaBottling Co. of Kansas City, Mo., reached a definitive agreement for territory in parts of Illinois, Missouri, Kansas and Nebraska, including the cities of St. Louis and Kansas City. Heartland Coca-Cola’s DA includes a production facility in Lenexa, Kan.
Coca-Cola, USA, a subsidiary of Swire Pacific Limited’s Beverages Division, reached definitive agreements for additional territory in the Pacific Northwest, including most of Washington, parts of Idaho and most of Oregon. These agreements include production facilities in Bellevue, Wash., and Wilsonville, Ore.
In addition, Pittsburgh-based ABARTA Inc. reached letters of intent to transfer the company’s Cleveland, Ohio, territory to
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 of
So far, the Company has reached definitive agreements or signed letters of intent to refranchise bottling territories that account for approximately 65% of total U.S. bottler-delivered distribution volume, which equates to 71% of total
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
More on Journey
Coca-ColaCompany to Participate in Goldman Sachs Global Staples Forum
Coca-ColaCompany to Present at Bernstein Strategic Decisions Conference
Coca-ColaCompany Announces Timing of Fourth Quarter and Full Year 2018 Earnings Release
Coca-ColaCompany Completes Acquisition of Chi Ltd. in Nigeria
Coca-ColaCompany to Acquire Costa