Coca-Cola Bottling Consolidated said Wednesday it’s swapping several of its distribution territories with areas currently served by Coca-Cola Refreshments, another Coca-Cola affiliate. The Charlotte-based bottler also said it is expanding its distribution territory.
Terms of the deal were not disclosed. All exchange transactions are expected to be complete by the end of 2017, the company said.
As part of the deal, Coca-Cola Bottling agreed to exchange its distribution territory in southern parts of Alabama, Georgia and Mississippi for areas currently served by Coca-Cola Refreshments in Arkansas, Tennessee and northwestern Mississippi. The deal also includes the exchange of a manufacturing facility in Alabama for two facilities in Tennessee and Arkansas.
The company also said it will exchange its franchise territory in Alabama, south central Tennessee and Florida for Coca-Cola Refreshments territory in South Carolina.
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Also part of the deal, Coca-Cola Bottling said it is acquiring distribution territory in Kentucky and southwestern West Virginia.
In an address Tuesday to members of the Rotary Club of Charlotte, vice president of public affairs Kimberly Kuo said the company is looking to fill in markets near where it already operates.
Coca-Cola Bottling Consolidated, the largest independent Coca-Cola bottler in the U.S., employs about 10,000 workers in 16 states, including about 3,250 in North Carolina.
Rachel Stone: 704-358-5334, @RStone1317