Coca-Cola Enterprises

Coca-Cola Enterprises
Public
Traded as NYSE: CCE
S&P 500 Component
Industry Beverages
Founded 1986
Headquarters Atlanta, Georgia, U.S.
Key people
 John F. Brock (CEO), Chairman and CEO
Manik Jhangiani, CFO
Hubert Patricot, President, Europe Group[1]
Products The Coca-Cola Company Products
Other Soft Drinks
Revenue Increase US$7.6 Billion (FY 2012)[2]
Increase US$914 Million (FY 2013)[3]
Increase US$677 Million (FY 2012)[2]
Total assets Increase US$9.09 Billion (FY 2011)[4]
Total equity Decrease US$2.90 Billion (FY 2011)[4]
Number of employees
 13,250 (2011)[5]
Website www.cokecce.com

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

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

History

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] The purpose was consolidating the many independent bottling groups in the Coca-Cola System. Previously, independent businesses in small geographic areas, generally a central city or town and its hinterland, bottled Coca-Cola products and distributed these to stores. Coca-Cola headquarters began to buy up these bottlers in 1980 and then 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 has its headquarters in Atlanta, Georgia and is separate 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 are the South Pacific area's Coca-Cola Amatil, Eastern Europe's Coca-Cola Hellenic, and Latin America's Coca-Cola FEMSA.

Territories

Coca-Cola Enterprises is 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 are 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

When Coca-Cola Enterprises was the anchor bottler in North America, it had the largest 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 incrementally deploy 185 of the 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 are powered by Eaton Corporation's hybrid electric drivetrain systems.[15]

Sale of assets to The Coca-Cola Co.

On February 24, 2010, The Coca-Cola Company and CCE (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

On August 6th 2015, Coca-Cola Enterprises announced that it will 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

  1. ↑ "Coca-Cola Enterprises : Officers". Ir.cokecce.com. Retrieved 2012-11-02.
  2. 1 2 Coca-Cola Enterprises (CCE) annual SEC income statement filing via Wikinvest
  3. ↑ Coca-Cola Enterprises, Inc. Reports Fourth-Quarter and Full-Year 2013 Results, Wall Street Journal, February 5, 2014
  4. 1 2 Coca-Cola Enterprises (CCE) annual SEC balance sheet filing via Wikinvest
  5. 1 2 http://media.corporate-ir.net/media_files/irol/11/117435/CCE_2011AR_FINAL_LR.pdf
  6. ↑ "Schweppes Drinks : Ingredients and Nutritional Information - Coca-Cola GB". Coca-cola.co.uk. 2010-04-13. Retrieved 2013-10-26.
  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 (1986-07-02). "Coke to Buy JTL Bottling Operations for $1.4 Billion". Los Angeles Times. ISSN 0458-3035. Retrieved 2015-09-26.
  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"
  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.

External links

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