CAGE 2014: Coca-Cola Icecek keen to grow territory
Coca-Cola Icecek presented at the Consumer Analyst Group Europe conference this week
The head of Coca-Cola Icecek's parent company has expressed his desire to expand the soft drinks bottler's footprint, but has warned that such opportunities are limited.
Coca-Cola Icecek, which is majority-owned by Anadolu Efes, operates predominantly in Turkey, but also has presence in Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria and Tajikistan. Last year, the company saw volumes in Turkey inch up by 0.9%, while international volumes soared by 31.7%.
Speaking at the Consumer Analyst Group Europe conference in London yesterday (18 March), Damian Gammell, beverage group president of Anadolu Efes parent Anadolu Group, said that the Coca-Cola bottler is on the look-out for opportunities abroad. “Like all bottlers,” he said, “we'd like more territory. If you look at our balance sheet, you can see that we're in a good place.
“If the right opportunity came along, then we'd like to take it,” he continued. “There are not a lot of bottlers willing to sell at the moment, though. There's nothing on the horizon at the moment.”
To view the slides from Coca-Cola Icecek's presentation at CAGE yesterday, click here.
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