JAPAN: Shareholders approve merger of Coca-Cola bottlers

By | 2 April 2013

The deal will see four of Japans Coca-Cola bottlers merge

The deal will see four of Japan's Coca-Cola bottlers merge

Shareholders of four Coca-Cola bottlers in Japan have approved a proposed merger of the groups.

In a joint release late last week, the four companies - Coca-Cola Central Japan, Mikuni Coca-Cola Bottling, Tokyo Coca-Cola Bottling and TONE Coca-Cola Bottling – confirmed that they have been given shareholder approval for the deal. The merger was first proposed last December, with the new entity set to be named Coca-Cola East Japan Co.

Calin Dragan, who will become the newly-merged firm's president, said: “This is a significant step along the path towards becoming the fifth largest bottler in the Coca-Cola system in terms of annual revenue, based on the rich histories and traditions of the four Kanto-area bottlers.”

He said the new company will be a “more agile organisation that can meet the needs of a changing marketplace to the benefit of our customers, our consumers and our shareholders”. 

The new company will represent around 47% of total annual Coca-Cola unit case volumes in Japan. Coca-Cola East Japan will have about 7,000 staff, ten manufacturing plants and 150 distribution warehouses, Coca-Cola Japan previously said.

Expert analysis

The Future of Japan Non-Alcoholic Drinks Packaging to 2017

The Future of Japan Non-Alcoholic Drinks Packaging to 2017 is a data only report providing extensive and highly detailed time series consumption data on primary and outer packaging in the market

Sectors: Mergers & acquisitions, Soft drinks

Companies: Coca-Cola Bottling

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