Advertise with fastmoving.co.za
 
 

New African Coca-Cola company gets going
New African Coca-Cola company gets going

New African Coca-Cola company gets going

RETAILER NEWS

bdlive.co.za - Jul 6th 2016, 10:27

THE African Coca-Cola operation unbundled from SABMiller started operating on Monday. 

The merger of SABMiller’s nonalcoholic beverage businesses with those of The Coca-Cola Company and Gutsche Family Investments, to form Coca-Cola Beverages Africa (CCBA), was officially completed on Friday after gaining all necessary approvals from various competition authorities, SABMiller said in a statement on Monday.

The new company would produce and distribute about 40% of all Coca-Cola beverage volumes in Africa and was the 10th-largest Coca-Cola bottler worldwide, the statement said.

It will initially serve 11 high-growth countries, which will increase to a total of 14 countries.

"CCBA is headquartered in SA, and it will manufacture and sell 40 still and sparkling brands from more than 30 African bottling plants," the statement said.

"The creation of CCBA will provide a stronger, more successful Coca-Cola system in Africa, and create greater shared value for the business and the communities we serve across the value-chain, including local suppliers and retailers," Coca-Cola Beverages Africa CEO Doug Jackson said in the statement.

"We will also seek to be a critical part of our customers’ growth strategies and invest substantially in our people and in their growth and development to build both capacity and capability."

"As one operation, CCBA will better serve our consumers and communities in Africa, offering consumers greater choice, broader availability and better value."bdlive.co.za 

Read more about: sabmiller | coke | coca cola

Related News

Distell and AB Inbev square off in booze showdown
13/09/2019 - 10:28
Exclusive branding arrangements with liquor outlets and agreements with sports stadiums took centre stage at Competition Tribunal hearings on Thursday, into Distell's accusation that Anheuser-Busch InBev (AB InBev) is contravening the conditions of its 2016 merger with SABMiller.

AB InBev offloads Australian unit for $11.3bn
19/07/2019 - 09:03
Anheuser-Busch InBev (AB InBev), which shelved plans to list its Asia Pacific business in Hong Kong, said it will sell Australian subsidiary Carlton & United Breweries (CUB) to Japan’s Asahi Group for about $11.3bn (R157bn).

AB InBev eyes Hong Kong listing as it misses earnings expectations
09/05/2019 - 10:02
Anheuser-Busch InBev (AB InBev), which took over SABMiller in 2016 and is the world’s biggest brewer, says it plans to list its Asia-Pacific business in Hong Kong.

Coca-Cola fast-tracks collection and recycling of PET plastic bottles across Africa
28/03/2019 - 14:49
In commemoration of Global Recycling Day, The Coca-Cola Company is accelerating the collection and recycling of PET plastic bottles across Southern & East Africa. This is part of a focused World Without Waste campaign over three years and beyond.

Coca-Cola fast-tracks collection and recycling of PET plastic bottles across Africa
19/03/2019 - 12:12
To commemorate Global Recycling Day, The Coca-Cola Company is accelerating the collection and recycling of PET plastic bottles across Southern & East Africa. This is part of a focused World Without Waste campaign over three years and beyond.