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EU: Coca-Cola Enterprises confirms three-way bottler merger

By  |  August 6, 2015

Coca-Cola Enterprises an independent bottler of Coke products in Europe, agreed to a three-way merger with two other bottlers in that region to form the largest independent bottler for the famed soda brand.

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    The combination of CCE, Coca-Cola Iberian Partners and Germany’s Coca-Cola Erfrischungsgetränke AG will create a company spanning 13 countries with 2015 revenue of about $12.6 billion, Coca-Cola Enterprises said Thursday in a statement.

    The transaction advances Coca-Cola Co.’s goal of consolidating bottling operations around the world and trimming expenses, as the deal is forecast to lead to annual cost savings of as much as $375 million after three years. Though the beverage giant is a separate business, it works closely with the bottlers, and will own a stake in the new company.

    Full content: The New York Times

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