Coca-Cola Europacific Partners plc (CCEP), formerly Coca-Cola European Partners (2016–2021); and Coca-Cola Amatil (1904-2021), is a British-American[4][5] company formed as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG,[6][7] and one bottling company in Asia-Pacific: Coca-Cola Amatil.[6] The multinational bottling company involved in the marketing, production, and distribution of Coca-Cola products and other drinks such as Capri-Sun, Monster and Relentless.[8]
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| Company type | Public |
|---|---|
| |
| ISIN | GB00BDCPN049 |
| Industry | Beverages |
| Predecessors |
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| Founded |
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| Headquarters | Uxbridge, England |
Number of locations | 42 bottling plants |
Area served |
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Key people | Sol Daurella (chairman) Damian Gammell (CEO) |
| Products | Regular, low- and no-calorie beverages including energy drinks, still and sparkling waters, juices and juice drinks, sports drinks, and ready-to-drink teas |
| Brands | 54 brands (incl. Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite[1]) and List of The Coca-Cola Company products |
| Revenue |  €20.3 billion (2023) |
| €2.1 billion (2023) | |
| Owners |
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Number of employees | 35,200 (2023) |
| Website | www |
| Footnotes / references [2][3] | |
Overview
editCoca-Cola Europacific Partners was formed on 10 May 2021 by Coca-Cola European Partners' acquisition of Australian bottling company Coca-Cola Amatil. The new company maintained the CCEP stock tickers that its predecessor had used.
Coca-Cola European Partners was formed on 28 May 2016[9] as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG.[6] The combination created the world's largest independent Coca-Cola bottler based on net revenues[10] and was estimated to result in a savings of between $350 million and $375 million within three years of closing.[10]
The merger was similar to that of Coca-Cola Beverages Africa, which consolidated Coca-Cola bottling operations in East and Southern Africa.
The company, with shares being traded in euros, has been listed on the London Stock Exchange since March 2019.[11]
In December 2022, the company bought the naming rights to Erebus Motorsport in the Supercars Championship. The team will compete under the name Coca-Cola Racing by Erebus for the 2023 and 2024 seasons.[12]
On 23 February 2024, Philippine-based Aboitiz Equity Ventures Inc. (AEV) announced that it has jointly acquired Coca-Cola Beverages Philippines Inc. together with Coca-Cola Europacific Partners (CCEP) for $1.8 billion on a debt-free, cash-free basis. CCEP will hold a 60% stake, while Aboitiz Equity Ventures will take up the remaining 40% stake.[13][14]
See also
editReferences
edit- ^ "About us".
- ^ "Key facts". Coca-Cola Europacific Partners. Retrieved 12 May 2021.
- ^ "Coca-Cola Europacific Partners - Shareholder information & tools - Listing & share information". ir.cocacolaep.com. Retrieved 12 May 2021.
- ^ "Coca-Cola bottlers agree three-way Europe merger". Financial Times. 6 August 2015.
- ^ "Coke Bottler's Merger Might Lose Tax Gain to Inversion Rules". 4 May 2016.
- ^ a b c "Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke AG to Form Coca-Cola European Partners". The Coca-Cola Company. 6 August 2015. Archived from the original on 28 May 2016. Retrieved 23 August 2015.
- ^ Press release: "Coca-Cola European Partners plc combination completed"
- ^ Esterl, Mike (6 August 2015). "Three Coca-Cola Bottlers Confirm Merger". The Wall Street Journal. News Corp. Retrieved 23 August 2015.
- ^ Press release: "Coca-Cola European Partners plc combination completed"
- ^ a b Geller, Martinne (6 August 2015). "UPDATE 5-Three European Coca-Cola bottlers to merge". Reuters. Thomson Reuters. Retrieved 23 August 2015.
- ^ "About Us".
- ^ "Erebus signs Coca-Cola as naming rights sponsor". V8 Sleuth. 19 December 2022. Retrieved 14 July 2023.
- ^ Cordero, Ted (23 February 2024). "Aboitiz, CCEP complete $1.8 billion Coca-Cola Beverages PH acquisition". GMA News. Retrieved 23 February 2024.
- ^ Camus, Miguel (23 February 2024). "Aboitiz buys 40% of Coca-Cola PH". Philippine Daily Inquirer. Retrieved 23 February 2024.