Thursday, April 18, 2024

Coca-Cola partnership calls for new name

Coca-Cola Amatil (Amatil) and Coca-Cola European Partners (CCEP) are joining together, therefore taking on the name, Coca-Cola Europacific Partners.

The new company will employ over 33,000 people, serving approximately 2 million customers in 26 countries, making it the world’s largest Coca-Cola bottler.

“We are excited to bring together two of the world’s best bottlers under a new name – Coca-Cola Europacific Partners,” CEO of CCEP, Damian Gammell says.

“This is a significant moment for Amatil and CCEP, and our new name reflects what will be a broader and more balanced geographic footprint, doubling our consumer reach. As one company, we can go further together, driving growth and scaling faster.

“Our business is built on great people, great service and great beverages – done sustainably, creating value that benefits all stakeholders. We look forward to welcoming Amatil’s colleagues, customers, suppliers and partners to our business soon.”

The proposed acquisition of Coca-Cola Amatil was announced in October 2020, and approved by Amatil’s shareholders, 16 April 2021.

The company will continue to be listed on Euronext Amsterdam, the New York Stock Exchange, London Stock Exchange and on the Spanish Stock Exchanges.

It will continue to trade under the symbol of CCEP.

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