Coca-Cola lays out Glaceau distribution plan

Thu Aug 30, 2007 5:26pm EDT

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(Adds forecast, acquisition details)

LOS ANGELES Aug 30 (Reuters) - The Coca-Cola Co (KO.N) said on Thursday it reached distribution agreements with its bottling partners and Glaceau distributors for its newly acquired Glaceau brands and affirmed its 2007 profit forecast.

Coca-Cola purchased the maker of vitaminwater and smartwater for $4.1 billion in June in a bid to boost its position in the fast-growing market for noncarbonated drinks.

Coca-Cola said it will carry all major package sizes and flavors of each Glaceau brand in most of its U.S. markets beginning Nov. 5.

Coca-Cola bottlers representing 99 percent of Coke's U.S. bottler-delivered volume have signed on to distribute the Glaceau.

Current Glaceau distributors, including Big Geyser, Haralambos, Kalil, John Lenore & Co and Honickman, will also continue distributing the drinks in their territories. Retailers such as club stores and natural food stores may find their deliveries being managed directly by Coca-Cola North America's Glaceau unit.

The company said the purchase of the Glaceau is not expected to have a significant impact on its 2007 results. It affirmed its full-year forecast calling for earnings per diluted common share in a range of $1.27 to $1.32, including the impact of currency and excluding nonrecurring items.

Coca-Cola said that beginning in 2008, the Glaceau acquisition will enhance the company's "ability to reach long-term growth objectives."

((Reporting by Lisa Baertlein, editing by Braden Reddall, Leslie Gevirtz; Reuters Messaging: lisa.baertlein.reuters.com@reuters.net; mail to:lisa.baertlein.reuters.com@reuters.net; +1 213 955 6742)) Keywords: COCACOLA GLACEAU/

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