Coca-Cola Enterprises

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Coca-Cola Enterpris
Type Public
Traded as NYSECCE
S&P 500 Component
Industry Beverages
Founded 1986
Headquarters Atlanta, Georgia, U.S.
Key people John F. Brock (CEO), Chairman and CEO
William W. Douglas, 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]
Operating income Increase US$914 Million (FY 2013)[3]
Net income 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]
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.

The company's products include Coca-Cola, Diet Coke, Coke Zero, Sprite, Fanta, Ocean Spray, Capri-Sun, Chaudfontaine, Schweppes,[6] Monster and Relentless.[5]

History[edit]

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.[9] Coca-Cola Enterprises Inc. was spun off from The Coca-Cola Company in 1986.[10] 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.

The company has its headquarters in Atlanta, Georgia and is separate from The Coca-Cola Company.

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[edit]

Coca-Cola Enterprises is the exclusive Coca-Cola bottler for all of Belgium, continental France, Great Britain, Luxembourg, Monaco, The Netherlands, Norway and Sweden.[11]

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, Milton Keynes, East Kilbride and Colwall).

Electric trucks[edit]

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.[12] The trucks are powered by Eaton Corporation's hybrid electric drivetrain systems.[13]

Sale of assets to The Coca-Cola Co.[edit]

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.[14] 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.[15][16]

References[edit]

External links[edit]