Business

Coke Consolidated signs agreements to expand territory

Coca-Cola Consolidated, headquartered in Charlotte, is furloughing 700 workers, according to an SEC filing.
Coca-Cola Consolidated, headquartered in Charlotte, is furloughing 700 workers, according to an SEC filing. Observer file photo

Charlotte-based Coca-Cola Bottling Co. Consolidated said Thursday that it has signed definitive agreements with a Coca-Cola Company affiliate to expand its distribution territory to new markets in Ohio, Indiana, Illinois, Kentucky and West Virginia.

The bottler also said it’s purchasing manufacturing facilities in Ohio and Indiana.

The territory expansion was part of letter of intents announced last year and this year, Coke Consolidated said. The bottler is also working toward definitive agreements for more additions to its territory.

Red Classic, a transportation subsidiary of Charlotte-based Coca-Cola Bottling Co. Consolidated, last week announced plans to add nearly 300 jobs in the city as part of an expansion effort.

This story was originally published September 1, 2016 at 5:59 PM with the headline "Coke Consolidated signs agreements to expand territory."

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