European bottler Coca-Cola European Partners (CCEP), has made an offer to buy Australian Coca-Cola Amatil (CCA) for A$9.28 billion ($6.62 billion). According to sources, the Australian bottler is backing the offer, which prices the company below the market valuation that was made in February. CCA has reportedly seen a decrease in profit since March, due to the shutdown of restaurants and pubs. CCA chief executive Alison Watkins said: “We are really confident about …
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Coca-Cola, the global soft drinks giant, has announced plans to invest up to €1 billion ($1.1 billion) in France over the next five years in support of “sustainable development” and a broadening of its product portfolio. The firm said that, together with Coca-Cola European Partners (CCEP), its primary French bottling partner, it planned to make a significant investment into innovation and the introduction of new products, as well as the expansion …
Coca-Cola European Partners, the Coca-Cola bottler, has announced the opening of a new canning production line at its factory in Sidcup, UK at a cost of £16 million ($20 million). The firm said the new line was part of a £55 million($68 milliuon) investment into its Sidcup operations and would be dedicated to making CCEP’s latest lightweight cans, which range from in size from 330ml to 500ml. In addition to the …
Coca-Cola European Partners (CCEP), an independent Coca-Cola bottler, has announced plans to close two plants in the UK, according to a BBC report. The closure of a manufacturing facility in Milton Keynes, as well as a distribution centre in Northampton, is set to see up to 300 jobs lost. The Milton Keynes plant has nine manufacturing lines and produces 60 million cases of soft drinks per year. Both facilities will now be …
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