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 Amatil
Coca-Cola Amatil (CCA), one of the largest bottlers of non-alcoholic ready-to-drink beverages in the Asia-Pacific region, has announced it has reached a deal to sell the SPC fruit and vegetable processing business to Shepparton Partners, a joint venture between Perma Funds Management and The Eights, for A$40 million ($28 million). CCA originally announced it was putting its SPC unit up for sale last August. Commenting on the deal, CCA group …
Coca-Cola Amatil is to invest A$ 165 million ($118.9 million) to expand a bottling and warehouse facility in Richlands, Australia. The new plant, which will have capacity to produce more than 90 million-unit cases of drinks per year, will produce sparkling and still beverages, juices, teas, alcohol and dairy drinks. It will also include a new “state-of-the-art” 30,000 sq m distribution centre with capacity for 45,000 pallets. According to a company …
Australian fruit and vegetable cannery SPC, part of the Coca-Cola Amatil group, has sold the IXL jam and Taylor’s marinade and sauces brands to Kyabram Conserves. Terms of the sale were not disclosed. According to a company statement, Kyabram Conserves will continue to produce IXL and Taylor’s products from the site in Kyabram. “IXL and Taylor’s are great brands, but the Spreads and Sauces/Marinades categories were a small part of the …
Cola-Cola Amatil, the Australian softt drinks and food firm, has started a “strategic review” of SPC, an Australian processor of packaged fruit and vegetablea. According to Alison Watkins, managing director of Coca-Cola Amatil, the review coincides with the completion of a four-year, A$100 million ($72 million) co-investment in SPC in conjunction with the Victorian government. “We believe there are many opportunities for growth in SPC, including new products and markets, further …
Coca Cola Amatil (CCA), a leading bottler of Coca-Cola and other soft drinks in the Asia Pacific region, has announced the acquisition of Australian craft brewer Feral Brewing. Based in Perth, Western Australia, Feral Brewing produces a range of bottled craft ales under brand names such as Smoked Porter, Karma Citra and Sly Fox. The product range is distributed across Australia through speciality retailers. Commenting on the move, CCA Alcohol …
Coca-Cola Amatil, a manufacturer and distributor of beverages in the Asia-Pacific region, has announced the closure of South Australian manufacturing facilities in 2019 and the investment of A$90 million ($69.4 million) of capital expenditure in its Richlands manufacturing facility in Queensland, Australia. The new investment is said to include installing “a new glass production line and new dairy and juice production capacity”, as well as optimising the firm’s logistics network …
Coca Cola Amatil (CCA) has signed an agreement through which Coca-Cola Company will invest $500 million into the Indonesian subsidiary of CCA in return for an ordinary equity ownership interest of 29.4%. CCA’s Group Managing Director Alison Watkins commented: “This is an exciting development for both CCA and The Coca Cola Company. With a population of more than 240 million and a fast-growing emerging middle class, Indonesia is a key …
Coca-Cola Amatil (CCA) has had its credit rating cut by Standard & Poor’s (S&P), taking the company from A- to BBB+. The cut is said to be due to weak profit margins continuing to impact operating performance. According to the ABC, S&P said the new rating is still investment grade and Coca-Cola’s outlook remains stable although further downward rating pressure could happen if the company’s debt to earnings ratio substantially …
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