US: Coca-Cola Enterprises in bottler acquisition
CCE, the world's largest Coke bottler, said in a filing with the US Securities and Exchange Commission yesterday (2 May) that it secured the acquisition on 28 February. The company said the deal would "bolster our customer and supply chain alignment in the US".
Central Coca-Cola Bottling operates in parts of Virginia, West Virginia, Pennsylvania, Maryland and Ohio. CCE said it would pay US$1m in costs associated with "the severance and relocation of certain Central employees and the elimination of duplicate facilities".
The company added that the acquisition did not have a material effect on its financial statements for the first quarter of 2006. CCE last week reported a 20% slump in operating profit as restructuring charges weighed on earnings. Revenues were up 3% to US$4.3bn as global volumes inched up 1%.
Coca-Cola is recalling around 570,000 bottles of soft drinks in Japan....
Coca-Cola Bottling Co. Consolidated has begun the year with confidence after posting rising sales and earnings for the first quarter of 2006....
Coca Cola France has made a series of executive appointments....
Coca-Cola FEMSA, the world's second-largest Coke bottler, has seen first-quarter sales rise by almost 8%, driven by growth in Mexico and Brazil....
Coca-Cola Enterprises today (27 April) reported a 20% slump in operating profit for the first quarter of 2006 as restructuring charges weighed on earnings....
Coca-Cola Bottling Co. Consolidated has announced its dividend for the second quarter....
Coca-Cola Enterprises (CCE) has named former InBev boss John Brock as its new president and CEO....
PepsiCo has agreed to end its practice of using labels containing lead-based ink on soft drink bottles sold in Mexico....
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