Profile: Coca Cola Bottling Co Consolidated (COKE.O)
25 Nov 2015
Coca-Cola Bottling Co. Consolidated, incorporated on April 8, 1980, produces, markets and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company, Atlanta, Georgia. The Company is an independent Coca-Cola bottler in the United States. The Company holds Cola Beverage Agreements and Allied Beverage Agreements, under which it produces, distributes and markets, in certain regions of North and South Carolina, South Alabama, South Georgia, Central Tennessee, Western Virginia and West Virginia (the Legacy Territories), sparkling beverages of The Coca-Cola Company. The Company also holds Still Beverage Agreements, under which it distributes and markets in certain regions of the Legacy Territories still beverages of The Coca-Cola Company, such as POWERade, vitaminwater and Minute Maid Juices To Go, and produces, distributes and markets Dasani water products. The Company also develops, markets and distributes certain products which it owns, such as Tum-E Yummies, a vitamin-C enhanced flavored drink, and Fuel in a Bottle power shots.
The Company holds agreements to produce, distribute and market Dr Pepper in some regions of the Legacy Territories. The Company also distributes and markets various other products, including Monster Energy products and Sundrop, in the Company's regions, including Tennessee, Kentucky and Indiana (the Expansion Territories). The Company also produces beverages for other Coca-Cola bottlers. The Company's principal sparkling beverage is Coca-Cola. The Company offers a range of flavors to its consumers. The Company also provides restaurants and other immediate consumption outlets with fountain products (post-mix).
The Company holds various with The Coca-Cola Company which entitle the Company to produce, market and distribute in the Company's Legacy Territories The Coca-Cola Company's nonalcoholic beverages in bottles, cans and five gallon pressurized pre-mix containers. The Company also has arrangements for the Company's Legacy Territories with Dr Pepper Snapple Group, Inc. and other beverage companies. The Company purchases concentrates from The Coca-Cola Company and produces, markets and distributes its principal sparkling beverages within its Legacy Territories under two forms of beverage agreements with The Coca-Cola Company: beverage agreements that cover sparkling beverages bearing the trademark Coca-Cola or Coke (Cola Beverage Agreements), and beverage agreements that cover other sparkling beverages of The Coca-Cola Company (Allied Beverage Agreements). The Allied Beverages are beverages of The Coca-Cola Company or its subsidiaries that are sparkling beverages, but not Coca-Cola Trademark Beverages. Under the Allied Beverage Agreements, the Company has exclusive rights to distribute the Allied Beverages in authorized containers in specified Legacy Territories.
The Company purchases as finished goods and distributes certain still beverages, such as sports drinks and juice drinks, from The Coca-Cola Company, or its designees or joint ventures, and produces, markets and distributes Dasani water products. The Company also sells Coca-Cola and other post-mix products of The Coca-Cola Company on a non-exclusive basis. The Company, through its a distribution agreement with Energy Brands, Inc. (Energy Brands), exclusively distributes Energy Brands water products, including vitaminwater, smartwater (still beverage products) and fruitwater (a sparkling water drink), in the Company's Legacy Territories. As of December 31, 2014, the Company held bottling rights in its Legacy Territories from The Coca-Cola Company covering North Carolina, South Carolina and West Virginia, and portions of Alabama, Mississippi, Tennessee, Kentucky, Virginia, Pennsylvania, Georgia and Florida. As of December 31, 2014, the Company also held distribution territories in its Expansion Territories, including Cookeville and Cleveland in Tennessee, Louisville, Kentucky and Evansville, Indiana, which had a total of four sales distribution facilities.
The Company competes with Pepsi-Cola, Dr Pepper, Royal Crown and 7-Up.
Coca Cola Bottling Co Consolidated
4100 COCA COLA PLZ
CHARLOTTE NC 28211