Coca-Cola Europacific Partners
File:CCEP Logo.png | |
Company type | Public limited company |
---|---|
Industry | Beverages |
Predecessors |
|
Founded | 2016 |
Number of locations | 50 bottling plants |
Area served | Western Europe |
Key people |
|
Revenue | 12,000,000,000 Euro (2021) ![]() |
Number of employees | 25,000 |
Website | www.ccep.com |
Coca-Cola European Partners plc (CCEP) is a multinational bottling company dedicated to the marketing, production, and distribution of Coca-Cola products.[1]
Overview
Coca-Cola European Partners was created on May 28, 2016[2] as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe i.e. Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG.[3] The combination created the world’s largest independent Coca-Cola bottler based on net revenues[4] and is estimated to result in a savings of between $350 million and $375 million within three years of closing.[4]
The merger was similar to that of Coca-Cola Beverages Africa that consolidated Coca-Cola bottling operations in East and Southern Africa.
Ownership Structure
The ownership structure of Coca-Cola European Partners is as follows:[3]
Rank | Name of Owner | Percentage Ownership | Logo |
---|---|---|---|
1 | Public float | 48 | |
2 | Coca-Cola Iberian Partners | 34 | ![]() |
3 | The Coca-Cola Company | 18 | ![]() |
Total | 100 |
See also
References
- ^ Esterl, Mike (6 August 2015). "Three Coca-Cola Bottlers Confirm Merger". The Wall Street Journal. News Corp. Retrieved 23 August 2015.
- ^ Press release: "Coca-Cola European Partners plc combination completed"
- ^ a b "Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke AG to Form Coca-Cola European Partners". The Coca-Cola Company. 6 August 2015. Retrieved 23 August 2015.
- ^ a b Geller, Martinne (6 August 2015). "UPDATE 5-Three European Coca-Cola bottlers to merge". Reuters. Thomson Reuters. Retrieved 23 August 2015.