Coca-Cola Enterprises
US$677 Million (FY 2012)[2] | |
Total assets | US$9.09 Billion (FY 2011)[4] |
---|---|
Total equity | US$2.90 Billion (FY 2011)[4] |
Number of employees | 13,250 (2011)[5] |
Coca-Cola Enterprises was a marketer, producer, and distributor of Coca-Cola products. It was formerly the anchor bottler for Western Europe and most of North America.
Coca-Cola Enterprises' products included
History
The Coca-Cola Company decided to consolidate the many independent bottling groups in the Coca-Cola System. Previously, independent businesses in remote geographic areas bottled Coca-Cola products and distributed the merchandise to stores.
In 1980, Coca-Cola acquired the Coca-Cola Bottling Company of New York for $215 million.[7] In 1982, Coca-Cola acquired the Associated Coca-Cola Bottling Company for $417.5 million.[8] In 1986, Coca-Cola acquired the bottling operations of Beatrice Foods and the bottling operations of the Lupton family.[9][10] Coca-Cola Enterprises Inc. was spun off from The Coca-Cola Company in 1986.[11]
After buying these bottlers, Coca-Cola spun this function off to anchor bottlers in various parts of the world. Coca-Cola Enterprises continued to acquire regional bottlers throughout the 1990s.[12]
The company had its headquarters in Atlanta, Georgia and was a separate corporation from The Coca-Cola Company; both companies are listed on the New York Stock Exchange and are components of the S&P 500.
Similar
Territories
Coca-Cola Enterprises was the exclusive Coca-Cola bottler for all of Belgium, continental France, Great Britain, Luxembourg, Monaco, The Netherlands, Norway and Sweden.[13]
Some of its production facilities were located in Norway (Lørenskog), Sweden (Jordbro), The Netherlands (Dongen), Belgium (Antwerp, Ghent and Chaudfontaine (mineral water only)), France (Socx, Grigny, Clamart, Les Pennes-Mirabeau and Castanet-Tolosan), and the UK (Wakefield, Sidcup, Edmonton, Milton Keynes, East Kilbride and Morpeth).
Electric trucks
When Coca-Cola Enterprises was the anchor bottler in North America, it had the largest fleet of
Sale of assets to The Coca-Cola Company
On February 24, 2010, The Coca-Cola Company and Coca-Cola Enterprises entered talks about selling CCE's North American division to Coca-Cola.[16] Coca-Cola paid over $15 billion, including a redemption of Coca-Cola's 33% shareholding in CCE. Coca-Cola wanted the business in their asset list because they felt it would save both consumers and Coca-Cola money. Coca-Cola also spun off its small European bottling division to "New CCE".
The acquisition closed on October 3, 2010.[17][18]
Merger
On August 6, 2015, Coca-Cola Enterprises announced that it would merge with Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke AG, a subsidiary of the Coca-Cola Company, into a new company to be called
References
- ^ "Coca-Cola Enterprises : Officers". Ir.cokecce.com. Archived from the original on July 9, 2012. Retrieved November 2, 2012.
- ^ a b Coca-Cola Enterprises (CCE) annual SEC income statement filing via Wikinvest
- ^ Coca-Cola Enterprises, Inc. Reports Fourth-Quarter and Full-Year 2013 Results[permanent dead link], Wall Street Journal, February 5, 2014
- ^ a b Coca-Cola Enterprises (CCE) annual SEC balance sheet filing via Wikinvest
- ^ a b "Creating Value the CCE way - 2011 Annual Report" (PDF). Coca-Cola Enterprises, Inc.
- ^ "Schweppes Drinks : Ingredients and Nutritional Information - Coca-Cola GB". Coca-cola.co.uk. April 13, 2010. Archived from the original on October 29, 2013. Retrieved October 26, 2013.
- ^ Coca-cola Buys Own Bottling Firm
- ^ A $417.5 MILLION OFFER BY COCA-COLA FOR BOTTLER
- ^ Coca-Cola to Pay 1 Billion for Bottling Plants in US and Canada
- ISSN 0458-3035. Retrieved September 26, 2015.
- ^ Financial Times "Coca-Cola has tended to keep its bottlers at arm’s length"
- ^ Bottled Up
- ^ Coca-Cola Enterprises homepage "The World's Largest Bottler" Archived June 16, 2009, at the Wayback Machine
- ^ Coca-Cola Enterprises Launches Largest Hybrid Electric Delivery Trucks in North America Archived July 23, 2009, at the Wayback Machine
- ^ Coca-Cola Orders 120 New Hybrid Trucks; Eaton’s Largest NA Commercial Order to Date
- ^ "Coke in talks to buy bulk of bottler - source". Reuters. February 24, 2010. Retrieved November 2, 2012.
- ^ "The Coca-Cola Company Completes Transaction of the Coca-Cola Enterprises". BevNET. October 4, 2010. Retrieved November 2, 2012.
- ^ "Coca-Cola Co. Closes Acquisition Of Coca-Cola Enterprises' North American Operations". SMR. October 6, 2010. Retrieved November 2, 2012.
- ^ "Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke AG To Form Coca-Cola European Partners". BusinessWire.