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Coca-Cola Europacific Partners

From Wikipedia - Reading time: 8 min

Coca-Cola Europacific Partners plc
Company typePublic
ISINGB00BDCPN049
IndustryBeverages
Predecessors
Founded
  • 28 May 2016; 8 years ago (2016-05-28) (as Coca-Cola European Partners)
  • 10 May 2021; 3 years ago (2021-05-10) (as Coca-Cola Europacific Partners)
HeadquartersUxbridge, England
Number of locations
42 bottling plants
Area served
  • Europe
  • Australia
  • Asia-Pacific
  • Indonesia
  • Philippines
Key people
Sol Daurella (chairman)
Damian Gammell (CEO)
ProductsRegular, low- and no-calorie beverages including energy drinks, still and sparkling waters, juices and juice drinks, sports drinks, and ready-to-drink teas
Brands54 brands (incl. Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite)[1] and List of The Coca-Cola Company products
RevenueIncrease €20.438 billion (2024)[2]
Decrease €2.132 billion (2024)[2]
Decrease €1.444 billion (2024)[2]
Owners
Number of employees
35,200 (2023)
Websitewww.cocacolaep.com
Footnotes / references
[3]

Coca-Cola Europacific Partners plc (CCEP), formerly Coca-Cola European Partners (2016–2021); and Coca-Cola Amatil (1904–2021), is a British[4][5] company formed as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG, and one bottling company in Asia-Pacific: Coca-Cola Amatil. The multinational bottling company is involved in the marketing, production, and distribution of Coca-Cola products and other drinks such as Capri-Sun, Monster and Relentless.[6]

Overview

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The company was formed as Coca-Cola European Partners on 28 May 2016 as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG. The combination created the world's largest independent Coca-Cola bottler based on net revenues[7] and was estimated to result in a savings of between $350 million and $375 million within three years of closing.[7]

The company, with shares being traded in euros, was first listed on the London Stock Exchange in March 2019.[8]

Following the acquisition of Australian bottling company Coca-Cola Amatil, the company changed its name from Coca-Cola European Partners to Coca-Cola Europacific Partners on 10 May 2021.[9]

In December 2022, the company bought the naming rights to Erebus Motorsport in the Supercars Championship. The team will compete under the name Coca-Cola Racing by Erebus for the 2023 and 2024 seasons.[10]

On 23 February 2024, Philippine-based Aboitiz Equity Ventures Inc. (AEV) announced that it has jointly acquired Coca-Cola Beverages Philippines Inc. together with Coca-Cola Europacific Partners (CCEP) for $1.8 billion on a debt-free, cash-free basis. CCEP will hold a 60% stake, while Aboitiz Equity Ventures will take up the remaining 40% stake.[11][12]

See also

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References

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  1. ^ "Our brands". Coca-Cola Europacific Partners. Retrieved 3 March 2025.
  2. ^ a b c "Annual Results 2024". Coca-Cola Europacific Partners. Retrieved 3 March 2025.
  3. ^ "Coca-Cola Europacific Partners - Shareholder information & tools - Listing & share information". ir.cocacolaep.com. Retrieved 3 March 2025.
  4. ^ "Coca-Cola bottlers agree three-way Europe merger". Financial Times. 6 August 2015. Retrieved 3 March 2025.
  5. ^ "Coke Bottler's Merger Might Lose Tax Gain to Inversion Rules". Accounting Today. 4 May 2016. Retrieved 3 March 2025.
  6. ^ Esterl, Mike (6 August 2015). "Three Coca-Cola Bottlers Confirm Merger". The Wall Street Journal. News Corp. Retrieved 3 March 2025.
  7. ^ a b Geller, Martinne (6 August 2015). "UPDATE 5-Three European Coca-Cola bottlers to merge". Reuters. Thomson Reuters. Retrieved 23 August 2015.
  8. ^ "Coca-Cola European Partners lists on main London Stock Exchange". Packaging Today. 28 March 2019. Retrieved 3 March 2025.
  9. ^ "Coca-Cola European Partners becomes Coca-Cola Europacific Partners following multi-billion acquisition of Coca-Cola Amatil". Packaging Insights. 21 May 2021. Retrieved 3 March 2025.
  10. ^ "Erebus signs Coca-Cola as naming rights sponsor". V8 Sleuth. 19 December 2022. Retrieved 14 July 2023.
  11. ^ Cordero, Ted (23 February 2024). "Aboitiz, CCEP complete $1.8 billion Coca-Cola Beverages PH acquisition". GMA News. Retrieved 23 February 2024.
  12. ^ Camus, Miguel (23 February 2024). "Aboitiz buys 40% of Coca-Cola PH". Philippine Daily Inquirer. Retrieved 23 February 2024.
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Official website

Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Coca-Cola_Europacific_Partners
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