Letter of Intent Includes Territory Around Memphis, Tenn., Plus Two Production Facilities
ATLANTA – June 15, 2016 – The
Separately, Consolidated has signed a letter of intent for a small territory owned by The
In addition, a number of facilities and territories in the Southeast will be exchanged under letters of intent involving Consolidated, fellow bottler
The expected agreements will lead to the creation of more contiguous territories for both Consolidated and UNITED in the Southeast:
- Birmingham, Ala.-based UNITED will acquire Consolidated’s Deep South Territory, which spans parts of Georgia, Alabama, Florida and Mississippi. This territory includes nine sales centers, plus a production facility in Mobile, Ala. Currently, these operations are not geographically connected to other Consolidated territories, while they are contiguous to UNITED operations.
- UNITED will acquire Consolidated’s Tennessee and Alabama territory that is serviced from its Florence, Ala., sales center, along with Consolidated’s Panama City, Fla., territory. These areas are contiguous to UNITED operations.
- Consolidated will acquire UNITED-owned territories in South Carolina around the cities of Bluffton and Spartanburg. These UNITED areas sit amidst Consolidated territories.
“These agreements involving Consolidated and UNITED are another important step in our ongoing refranchising initiative,” said J. Alexander “Sandy” Douglas Jr., President,
On April 29, The
These agreements are part of a plan to refranchise all of The
21st Century Beverage Partnership Model History
Since the deal was closed, The
So far, the Company has reached definitive agreements or signed letters of intent to refranchise territories that account for approximately 65% of bottler-delivered distribution volume and 43 of the 51 cold-fill production facilities in the United States.
The new transactions announced today are subject to The
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Refranchising Update: The
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Coca-ColaCompany Announces Letters of Intent with Three U.S. Bottlers to Grant Expanded Distribution Territories in Seven States