Coca-Cola Europacific Partners

Last updated

Coca-Cola Europacific Partners plc
Company type Public
ISIN GB00BDCPN049
Industry Beverages
Predecessors
Founded
  • 28 May 2016;8 years ago (2016-05-28) (as Coca-Cola European Partners)
  • 10 May 2021;4 years ago (2021-05-10) (as Coca-Cola Europacific Partners)
Headquarters Uxbridge, England
Number of locations
42 bottling plants
Area served
  • Europe
  • Australia
  • Asia-Pacific
  • Indonesia
  • Philippines
Key people
Sol Daurella (chairman)
Damian Gammell (CEO)
ProductsRegular, low- and no-calorie beverages including energy drinks, still and sparkling waters, juices and juice drinks, sports drinks, and ready-to-drink teas
Brands54 brands (incl. Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite) [1] and List of The Coca-Cola Company products
RevenueIncrease2.svg €20.438 billion (2024) [2]
Decrease2.svg €2.132 billion (2024) [2]
Decrease2.svg €1.444 billion (2024) [2]
Total assets Increase2.svg €31.1 billion (2024) [3]
Total equity Increase2.svg €8.489 billion (2024) [3]
Owners
Number of employees
41,000 (2024) [3]
Website www.cocacolaep.com
Footnotes /references
[4]

Coca-Cola Europacific Partners plc, also known as CCEP, is a British [5] [6] multinational bottling company operating as world's largest independent Coca-Cola bottler by net revenue. Involved in the marketing, production, and distribution of Coca-Cola products, and other drinks such as Capri-Sun, Monster and Relentless, [7] CCEP is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. [8]

Contents

Formerly known as Coca-Cola European Partners (2016–2021), the company formed as a merger of the three main bottling companies for The Coca-Cola Company in Western Europe. In 2021 it acquired with Australian bottling company Coca-Cola Amatil to form Coca-Cola Europacific Partners. [9]

Overview

The company was formed as Coca-Cola European Partners on 28 May 2016 as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG. The combination created the world's largest independent Coca-Cola bottler based on net revenues [10] and was estimated to result in a savings of between $350 million and $375 million within three years of the merger. [10]

The company was first listed on the London Stock Exchange in March 2019, with shares being traded in euros. [11]

Following the acquisition of Australian bottling company Coca-Cola Amatil, the company changed its name from Coca-Cola European Partners to Coca-Cola Europacific Partners on 10 May 2021. [9]

In December 2022, the company bought the naming rights to Erebus Motorsport in the Supercars Championship. The team will compete under the name Coca-Cola Racing by Erebus for the 2023 and 2024 seasons. [12]

On 23 February 2024, Philippine-based Aboitiz Equity Ventures Inc. (AEV) announced that it has jointly acquired Coca-Cola Beverages Philippines Inc. together with Coca-Cola Europacific Partners (CCEP) for $1.8 billion on a debt-free, cash-free basis. CCEP will hold a 60% stake, while Aboitiz Equity Ventures will take up the remaining 40% stake. [13] [14]

See also

References

  1. "Our brands". Coca-Cola Europacific Partners. 21 March 2024. Retrieved 3 March 2025.
  2. 1 2 3 "Annual Results 2024". Coca-Cola Europacific Partners. Retrieved 3 March 2025.
  3. 1 2 3 4 5 "Annual Report 2024". Coca-Cola Europacific Partners. Retrieved 21 March 2025.
  4. "Coca-Cola Europacific Partners - Shareholder information & tools - Listing & share information". ir.cocacolaep.com. Retrieved 3 March 2025.
  5. "Coca-Cola bottlers agree three-way Europe merger". Financial Times. 6 August 2015. Retrieved 3 March 2025.
  6. "Coke Bottler's Merger Might Lose Tax Gain to Inversion Rules". Accounting Today. 4 May 2016. Retrieved 3 March 2025.
  7. Esterl, Mike (6 August 2015). "Three Coca-Cola Bottlers Confirm Merger". The Wall Street Journal . News Corp . Retrieved 3 March 2025.
  8. "FTSE UK Index Series Quarterly Review March 2025". FTSE Russell. 5 March 2025. Retrieved 21 March 2025.
  9. 1 2 "Coca-Cola European Partners becomes Coca-Cola Europacific Partners following multi-billion acquisition of Coca-Cola Amatil". Packaging Insights. 21 May 2021. Retrieved 3 March 2025.
  10. 1 2 Geller, Martinne (6 August 2015). "UPDATE 5-Three European Coca-Cola bottlers to merge". Reuters . Thomson Reuters . Retrieved 23 August 2015.
  11. "Coca-Cola European Partners lists on main London Stock Exchange". Packaging Today. 28 March 2019. Retrieved 3 March 2025.
  12. "Erebus signs Coca-Cola as naming rights sponsor". V8 Sleuth. 19 December 2022. Retrieved 14 July 2023.
  13. Cordero, Ted (23 February 2024). "Aboitiz, CCEP complete $1.8 billion Coca-Cola Beverages PH acquisition". GMA News. Retrieved 23 February 2024.
  14. Camus, Miguel (23 February 2024). "Aboitiz buys 40% of Coca-Cola PH". Philippine Daily Inquirer. Retrieved 23 February 2024.

Official website