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AUSTRALIA: CCA acquires Parmalat assets

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The Australian soft drink producer and bottler Coca-Cola Amatil (CCA) has sealed a deal to acquire the Northern Territory soft drink sales, distribution and production assets of Parmalat Australia Ltd.

As part of the deal the Coca-Cola Company (TCCC) has agreed in principle to transfer its relevant bottler's agreement to CCA as part of this transaction.

The deal is expected to be finalised by February 2005 and will make CCA the sole licensee for TCCC beverages in Australia.

Terry Davis, CCA's managing director, said that on top of consolidating Coke's bottling in Australia, the acquisition provides the opportunity to supply an additional 900 customers in Darwin, Gove and Katherine as well as the area north of Tennant Creek.


Sectors: Soft drinks

Companies: Coca-Cola Amatil

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