Coca-Cola and Gutsche Family Investments (GFI) have announced the sale of a 75% controlling stake in Coca-Cola Beverages Africa (CCBA) to Swiss bottler Coca-Cola HBC for $2.6 billion. CCBA is the largest Coca-Cola bottler in Africa, operating in 14 countries and handling 40% of Coca-Cola’s product volume on the continent. Commenting on the move, Coca-Cola executive vice president and chief operating officer Henrique Braun said: “Coca-Cola HBC has demonstrated a strong …
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Coca-Cola HBC
Coca-Cola Hellenic Bottling Company (Coca-Cola HBC), the Switzerland-based soft drinks bottler, has announced the opening of a new production line at its existing 82,000 sq m factory at Sadat City in Egypt. According to sources, the factory has an annual production capacity of 720 million litres and is the fastest and most advanced facility of its kind in the Middle East. The new production line, which is being delivered via an investment of …
Coca-Cola, in cooperation with its Nigeria bottling partners, has announced an investment of $1 billion to expand its investments in the country over the next five years. Coca‑Cola said it intended to double its investment rate to support various areas of the value chain, including suppliers, distributors, retailers and recyclers. The new money comes on top of $1.5 billion Coca‑Cola Hellenic Bottling Company (Coca-Cola HBC), known locally as Nigerian Bottling …
Coca‑Cola HBC, the leading Coca-Cola bottler in Italy, has announced plans to invest €42 million ($45 million) to add two canning lines at its Oricola facility in Abruzzo. According to the company, It is the first time in the plant’s history that it will produce cans, as it has previously focused on recycled plastic products (RPET). The expected investment is set to double the plant’s capacity, with one line specifically …
Coca-Cola HBC, the Swiss-based soft drinks bottler, has announced it has reached an agreement to acquire to acquire Brown-Forman Finland, owner of the Finlandia vodka brand, for $220 million. The company said the acquisition would strengthen its portfolio across more of its markets, enhancing its position as a leading 24/7 beverage partner through mixability opportunities with non-alcoholic products and partnerships with customers in Horeca channels. Finlandia was established in 1970 …
Coca-Cola HBC, the Swiss-based international bottling company, has announced the acquisition of Coca-Cola Bottling Company of Egypt (CCBCE) for $427 million. The deal will give access to the second largest non-alcoholic ready-to-drink market in Africa by volume, Coca-Cola HBC said, adding that the acquisition also aims to increase the penetration of the Coca-Cola Company’s brand portfolio and expand the brand’s presence in high-growth areas. Coca-Cola HBC CEOZoran Bogdanovic, said: “We …
Coca‑Cola HBC, Europe’s leading Coca-Cola bottler, has announced it is strengthening in the bottled water space with the acquisition of Acque Minerali, a producer and distributor of mineral water and adult-oriented sparkling beverages under the Lurisia brand. The firm said the acquisition was being made in conjunction with Coca‑Cola Co, and that they will together pay €88 million ($97 million) for the Italian water brand. Founded in 1940 in Roccaforte …
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