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Coca-Cola Enterprises

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Coca-Cola Enterprises
IndustryBeverages
Founded1986
Defunct28 May 2016 Edit this on Wikidata
Fatemerged with Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG
Successor
HeadquartersAtlanta, Georgia, U.S.
Key people
ProductsCoca-Cola brands
Other soft drinks
RevenueIncrease US$7.6 Billion (FY 2012)[2]
Increase US$914 Million (FY 2013)[3]
Increase US$677 Million (FY 2012)[2]
Total assetsIncrease US$9.09 Billion (FY 2011)[4]
Total equityDecrease US$2.90 Billion (FY 2011)[4]
Number of employees
13,250 (2011)[5]

Coca-Cola Enterprises was a marketer, producer, and distributor of Coca-Cola products. It was formerly the anchor bottler for Western Europe and most of North America.

Coca-Cola Enterprises' products included Coca-Cola, Diet Coke, Coke Zero, Sprite, Fanta, Capri-Sun, Dr Pepper, Chaudfontaine, Schweppes,[6] Monster and Relentless.[5]

History

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The Coca-Cola Company decided to consolidate the many independent bottling groups in the Coca-Cola System. Previously, independent businesses in remote geographic areas bottled Coca-Cola products and distributed the merchandise to stores.

In 1980, Coca-Cola acquired the Coca-Cola Bottling Company of New York for $215 million.[7] In 1982, Coca-Cola acquired the Associated Coca-Cola Bottling Company for $417.5 million.[8] In 1986, Coca-Cola acquired the bottling operations of Beatrice Foods and the bottling operations of the Lupton family.[9][10] Coca-Cola Enterprises Inc. was spun off from The Coca-Cola Company in 1986.[11]

After buying these bottlers, Coca-Cola spun this function off to anchor bottlers in various parts of the world. Coca-Cola Enterprises continued to acquire regional bottlers throughout the 1990s.[12]

The company had its headquarters in Atlanta, Georgia and was a separate corporation from The Coca-Cola Company; both companies are listed on the New York Stock Exchange and are components of the S&P 500.

Similar anchor bottlers include the South Pacific area's Coca-Cola Amatil, Eastern Europe's Coca-Cola Hellenic, and Latin America's Coca-Cola FEMSA.

Territories

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Coca-Cola Enterprises was the exclusive Coca-Cola bottler for all of Belgium, continental France, Great Britain, Luxembourg, Monaco, The Netherlands, Norway and Sweden.[13]

Some of its production facilities were located in Norway (Lørenskog), Sweden (Jordbro), The Netherlands (Dongen), Belgium (Antwerp, Ghent and Chaudfontaine (mineral water only)), France (Socx, Grigny, Clamart, Les Pennes-Mirabeau and Castanet-Tolosan), and the UK (Wakefield, Sidcup, Edmonton, Milton Keynes, East Kilbride and Morpeth).

Electric trucks

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When Coca-Cola Enterprises was the anchor bottler in North America, it had the largest fleet of hybrid electric trucks in North America. The hybrid electric tractor units were the standard bulk delivery truck the company uses for large deliveries. CCE planned to deploy 185 of these hybrid electric trucks across the United States and Canada in 2009, bringing its total number of hybrid electric delivery trucks to 327, the largest such fleet in North America. The company already had 142 smaller hybrid electric delivery vehicles on the road.[14] The trucks were powered by Eaton Corporation's hybrid electric drivetrain systems.[15]

Sale of assets to The Coca-Cola Company

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On February 24, 2010, The Coca-Cola Company and Coca-Cola Enterprises entered talks about selling CCE's North American division to Coca-Cola.[16] Coca-Cola paid over $15 billion, including a redemption of Coca-Cola's 33% shareholding in CCE. Coca-Cola wanted the business in their asset list because they felt it would save both consumers and Coca-Cola money. Coca-Cola also spun off its small European bottling division to "New CCE".

The acquisition closed on October 3, 2010.[17][18]

Merger

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On August 6, 2015, Coca-Cola Enterprises announced that it would merge with Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke AG, a subsidiary of the Coca-Cola Company, into a new company to be called Coca-Cola European Partners PLC.[19]

References

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  1. ^ "Coca-Cola Enterprises : Officers". Ir.cokecce.com. Archived from the original on July 9, 2012. Retrieved November 2, 2012.
  2. ^ a b Coca-Cola Enterprises (CCE) annual SEC income statement filing via Wikinvest
  3. ^ Coca-Cola Enterprises, Inc. Reports Fourth-Quarter and Full-Year 2013 Results[permanent dead link‍], Wall Street Journal, February 5, 2014
  4. ^ a b Coca-Cola Enterprises (CCE) annual SEC balance sheet filing via Wikinvest
  5. ^ a b "Creating Value the CCE way - 2011 Annual Report" (PDF). Coca-Cola Enterprises, Inc.
  6. ^ "Schweppes Drinks : Ingredients and Nutritional Information - Coca-Cola GB". Coca-cola.co.uk. April 13, 2010. Archived from the original on October 29, 2013. Retrieved October 26, 2013.
  7. ^ Coca-cola Buys Own Bottling Firm
  8. ^ A $417.5 MILLION OFFER BY COCA-COLA FOR BOTTLER
  9. ^ Coca-Cola to Pay 1 Billion for Bottling Plants in US and Canada
  10. ^ YOSHIHARA, NANCY (July 2, 1986). "Coke to Buy JTL Bottling Operations for $1.4 Billion". Los Angeles Times. ISSN 0458-3035. Retrieved September 26, 2015.
  11. ^ Financial Times "Coca-Cola has tended to keep its bottlers at arm’s length"
  12. ^ Bottled Up
  13. ^ Coca-Cola Enterprises homepage "The World's Largest Bottler" Archived June 16, 2009, at the Wayback Machine
  14. ^ Coca-Cola Enterprises Launches Largest Hybrid Electric Delivery Trucks in North America Archived July 23, 2009, at the Wayback Machine
  15. ^ Coca-Cola Orders 120 New Hybrid Trucks; Eaton’s Largest NA Commercial Order to Date
  16. ^ "Coke in talks to buy bulk of bottler - source". Reuters. February 24, 2010. Retrieved November 2, 2012.
  17. ^ "The Coca-Cola Company Completes Transaction of the Coca-Cola Enterprises". BevNET. October 4, 2010. Retrieved November 2, 2012.
  18. ^ "Coca-Cola Co. Closes Acquisition Of Coca-Cola Enterprises' North American Operations". SMR. October 6, 2010. Retrieved November 2, 2012.
  19. ^ "Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke AG To Form Coca-Cola European Partners". BusinessWire.
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