Builds on previously announced Definitive Agreements with two new U.S.
Bottling partners
Implementation of 21st Century Beverage Partnership Model in
U.S. Continues
ATLANTA – June 1, 2015 – The Coca-Cola Company today announced it has
closed on previously disclosed agreements with two new bottling partners for
the granting of new distribution territory.
Great Lakes Coca-Cola Distribution, L.L.C., a wholly-owned subsidiary of
Reyes Holdings, L.L.C, has officially been granted and formally transitioned
territories in the greater Chicago area and Northwest Indiana.
Coca-Cola Beverages Florida, a newly formed independent Coca-Cola
bottling company, has officially been granted and formally transitioned
territories in Central Florida including Tampa/St. Petersburg, Ft. Myers, Ft.
Pierce, Lakeland and Sarasota.
“As we have said,
the Coca-Cola System should be a reflection of the communities where we operate
and the consumers and customers that we serve,” said Sandy Douglas, President,
Coca-Cola North America. “The announcement today with two of our newest
bottling partners – Great Lakes Coca-Cola Distribution, L.L.C. and Coca-Cola
Beverages Florida – is further evidence of that commitment. As we continue to align
our U.S. operations with highly capable partners in order to move our
refranchising efforts forward, both bottlers will be instrumental as we
implement a more agile, modern, customer-focused beverage partnership model.”
Reyes Holdings is one of the largest global providers of food and
beverage distribution services. Its operations span North, Central and South
America, as well as Europe, the Middle East and Asia Pacific. Annually, the
company delivers more than 800 million cases of high-quality, well-known beer
and food products. Great Lakes Coca-Cola Distribution, L.L.C. will dedicate all
of the company’s sales and distribution activities to servicing Coca-Cola
brands.
“Today marks a
major milestone for Reyes Holdings, uniting our logistics competence with the
world’s most iconic and refreshing brand,” said J. Christopher Reyes, Founder
and Co-Chairman of Reyes Holdings.
“As a new member of
the Coca-Cola family, we look forward to continuing the Company’s commitment to
the communities, consumers and customers in the area,” said M. Jude Reyes,
Founder and Co-Chairman of Reyes Holdings. “We are dedicated to being the best
distributor we can be while contributing back to the communities in which we
operate.”
Troy Taylor is the Chairman and Chief Executive Officer of Coca-Cola
Beverages Florida. With more than 20 years of business leadership experience,
Taylor has significant experience in leading strategic initiatives and
transactions for franchise-related businesses, including multiple
Coca-Cola-related investments.
“It’s always been my dream to be a Coca-Cola Bottler and today I’m
honored to establish a locally-owned and operated bottling operation in the
state of Florida,” said Troy Taylor, Chief Executive Officer, Coca-Cola
Beverages Florida. “Together with The
Coca-Cola Company we are committed to delivering excellent customer service,
bringing moments of refreshment to our customers and building lasting
partnerships with our community in the Sunshine State.”
Consistent with
prior transactions, in the newly transitioned territories The Coca-Cola Company
and these bottlers will work collaboratively to implement key elements of an evolving
U.S. operating model, including:
- More rational and contiguous operating
territories
- A
grant of exclusive territory rights and the sale by Coca-Cola Refreshments
(CCR) of distribution assets and cold drink equipment
- An
improved, more integrated information technology platform
- A
finished goods model and a new beverage agreement that supports the evolving
operating model
About The Coca-Cola Company
The Coca-Cola
Company (NYSE: KO) is the
world's largest beverage company, refreshing consumers with more than 500
sparkling and still brands. Led by Coca-Cola, one of the world's most valuable
and recognizable brands, our Company's portfolio features 20 billion-dollar
brands including, Diet Coke, Fanta, Sprite,
Coca-Cola Zero, vitaminwater, POWERADE, Minute Maid, Simply, Georgia, Dasani,
FUZE TEA and Del Valle. Globally, we are
the No. 1 provider of sparkling beverages, ready-to-drink coffees, and juices
and juice drinks. Through the world's
largest beverage distribution system, consumers in more than 200 countries
enjoy our beverages at a rate of 1.9 billion servings a day.
With an enduring commitment to building sustainable communities, our
Company is focused on initiatives that reduce our environmental footprint,
support active, healthy living, create a safe, inclusive work
environment for our associates, and enhance the economic development of the
communities where we operate. Together
with our bottling partners, we rank among the world's top 10 private employers
with more than 700,000 system associates.
For more information, visit Coca-Cola Journey at www.coca-colacompany.com, follow
us on Twitter at twitter.com/CocaColaCo, visit our blog, Coca-Cola Unbottled, at www.coca-colablog.com or find us on LinkedIn at www.linkedin.com/company/the-coca-cola-company.
About Reyes Holdings, L.L.C.
Reyes
Holdings delivers a wide variety of food and beverage items to retailers around
the world including some of the most respected global and local brands.
Annually, the company delivers more than 800 million cases of high-quality beer
and food products from 150 warehouses in North, Central and South America, as
well as Europe, the Middle East and Asia Pacific. Reyes Holdings operations
include The Martin-Brower Company, L.L.C., a global quick-service restaurant
distribution business and the largest supplier worldwide of distribution
services to the McDonald’s restaurant system; Reinhart Foodservice, L.L.C., one
of the largest broadline foodservice distributors in the United States, and
Reyes Beverage Group, the largest beer distributor in the United States
representing award-winning import, domestic and craft beer brands. Reyes
Holdings is the 12th largest privately held company in the United
States with more than 18,000 employees and annual sales of approximately $24
billion. For more information about Reyes Holdings, visit the company website
at www.reyesholdings.com.
About
Coca-Cola Beverages Florida
Headquartered in Tampa, Florida, Coca-Cola Beverages Florida
has been entrusted with brands that are among the most well-known and highly
respected in the world. As an
independent, locally owned-and operated Coca-Cola bottling company,
Coca-Cola Beverages
Florida has exclusive franchise rights to market, promote, distribute and sell
products of The Coca-Cola Company throughout Central Florida. With five sales and distribution centers, and
more than 1,100 employees,
Coca-Cola Beverages
Florida is committed to building strong partnerships in the community,
achieving excellent customer service and passionately delivering refreshing
moments for consumers across the Sunshine State. For more information,
please visit www.cocacolaflorida.com.
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