Coca-Cola Consolidated

Last updated
Coca-Cola Consolidated, Inc.
FormerlyCoca-Cola Bottling Co. Consolidated
Company type Public
Industry Food processing
FoundedFebruary 19, 1906;119 years ago (1906-02-19), in North Carolina, U.S.
FounderJ.B. Harrison
Headquarters Charlotte, North Carolina, U.S.
Area served
U.S.
Key people
 J. Frank Harrison, III (chairman & CEO)
ProductsBeverages
Brands
RevenueIncrease2.svg US$6.90 billion [2]  (2024)
Increase2.svg US$920 million [2]  (2024)
Increase2.svg US$633 million [2]  (2024)
Total assets Increase2.svg US$5.31 billion [2]  (2024)
Total equity Decrease2.svg US$1.42 billion [2]  (2024)
Number of employees
17,000 [2]  (2024)
Website cokeconsolidated.com

Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States. [3]

Contents

The company makes, sells and distributes Coca-Cola products along with other beverages, distributing to a market of 65 million people in 14 states. [4] Coca-Cola Consolidated is based in the southeast, midwest, and mid-atlantic portion of the United States. The Company has 13 manufacturing facilities, 80 distribution and warehouses, with corporate offices located in Charlotte, North Carolina. [5]

Corporate history

In 1902, the company that later became Coca-Cola Bottling Company Consolidated was founded by the current chairman's great-grandfather, J. B. Harrison. [6] That company was merged with other bottlers to form Coca-Cola Bottling Co. Consolidated in 1973. [6] The company was incorporated in 1980, [7] acquired Wometco in 1985, [6] and acquired Sunbelt Coca-Cola in 1991. [6]

Financials

As of January 1, 2017, The Coca-Cola Company owns approximately 35% of the Company's total outstanding common stock, representing approximately 5% of the total voting power of the Company's combined Common Stock and Class B Common Stock. J. Frank Harrison III, the Chairman of the Board and the Chief Executive Officer of the Company, owns shares of Common Stock and Class B Common Stock representing approximately 86% of the total voting power of the Company's combined stock and Class B Common Stock.

Tax Incentives

In June 2018, Kentucky governor Matt Bevin announced tax incentives of $3.5 million for Consolidated to expand in Erlanger. [8] The incentives were part of a deal for Consolidated expansion in the area. [9]

Worker strike

The company, some of which its locales are unionized by the Teamsters, has seen strike initiatives. [10]

Community involvement

Coca-Cola Consolidated sponsors local events and many community organizations, including the YMCA. [11] Since 2008, Coca-Cola Consolidated has partnered with the World Wildlife Fund (WWF) to promote sustainable water policies, including water reuse practices, to protect and restore aquatic diversity. [12] Following the October 2015 North American storm complex Consolidated donated bottled water to flood victims. [13] It also supports public school teachers in Arkansas. [14]

References

  1. ↑ Herron, Bianca. "Coca-Cola Bottling Co. Consolidated". Supply Chain World. Archived from the original on 10 December 2023. Retrieved 14 September 2023.
  2. 1 2 3 4 5 6 "2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 2025-02-20. Retrieved 2025-03-05.
  3. ↑ Laura M. Holson (19 October 2018). "Where has all the Tab gone? Fans panic at a shortage". San Francisco Chronicle . Archived from the original on 3 November 2018. Retrieved 3 November 2018. Coca-Cola Bottling Co. Consolidated, the largest independent bottler and distributor of Coca-Cola products in the United States.
  4. ↑ "About". www.cokeconsolidated.com. Archived from the original on 2019-12-19. Retrieved 2019-12-17.
  5. ↑ "Products & Locations". www.cokeconsolidated.com. Archived from the original on 2017-04-06. Retrieved 2017-04-05.
  6. 1 2 3 4 "about us". Archived from the original on 2008-06-17. Retrieved 2008-06-28.
  7. ↑ "SEC FILING | Coca Cola Bottling Form 10-K". services.corporate-ir.net. Archived from the original on 2020-07-28. Retrieved 2017-04-05.
  8. ↑ "Error". Archived from the original on 2018-07-01. Retrieved 2018-11-03.
  9. ↑ Melissa Reinert (9 October 2018). "Last vacancy filled at redeveloped Showcase Cinemas site in Erlanger". The Cincinnati Enquirer . Retrieved 3 November 2018. Coca-Cola Bottling Co. Consolidated announced its commitment to be a part of the $50 million redevelopment of the old Showcase Cinemas site earlier this year. Coca-Cola Bottling Co. will have its own building. Cincinnati-based developer Al Neyer is constructing the two commercial buildings on 135 acres located just off of I-71/75 and I-275. Coca-Cola Bottling Co.'s move, to a site you can see from I-275, will create more than 430 full-time jobs including positions in distribution, sales and warehouse functions. Company leaders anticipate starting work as soon as possible and expect to open by late summer 2019.
  10. ↑ "Coca-Cola bottling company workers in Bluefield authorize a strike". Archived from the original on 2018-09-30. Retrieved 2018-10-27.
  11. ↑ "Community Involvement". Archived from the original on 2010-09-25. Retrieved 2010-05-08.
  12. ↑ "Sustainability | Coca-Cola Consolidated". www.cokeconsolidated.com. Archived from the original on 2017-04-06. Retrieved 2017-04-05.
  13. ↑ "Coca-Cola Bottling Co. Consolidated Provides Drinking Water Bottles to the Flood Victims". Archived from the original on 2020-07-24. Retrieved 2018-11-01.
  14. ↑ "Good News Matters: Coca-Cola Consolidated and Kroger Honors Teachers". 26 October 2018.
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