Atlantic Coca-Cola Bottling News

    Expansion

    ATLANTIC COCA-COLA BOTTLING COMPANY  SIGNS LETTER OF INTENT WITH  THE COCA-COLA COMPANY TO EXPAND TERRITORY

    The Coca-Cola Company announces Letter of Intent with U.S. Bottling Partner

    Implementation of 21st Century Beverage Partnership Model

    in the United States Continues

    Atlantic, Iowa – October 21, 2015 – Atlantic Coca-Cola Bottling Company announced today that it has signed a Letter of Intent (LOI) with The Coca-Cola Company for expanded territory rights. The bottler will assume territories in the area which surrounds the distribution centers located in Mason City (IA)*, Ames (IA)*, Spirit Lake (IA)*, Cedar Rapids (IA), Dubuque (IA), Ottumwa (IA), and Quad Cities (IL). Expected transition dates are subject to the parties reaching Definitive Agreements. Financial terms were not disclosed.

    “We are proud to expand our relationship with The Coca-Cola Company to provide services to an even greater area in Iowa and parts of Minnesota, Wisconsin, Illinois, and Missouri. Our employees take a great deal of pride in serving our customers, and we look forward to implementing this new operating model to further meet the needs of our consumers and business partners,” said Kirk Tyler, President, Atlantic Coca-Cola Bottling Company.

    “We are confident that we are building a model that is modern, agile and consumer and customer focused. The progress announced today continues our efforts to balance national scale and local capability, and will help us increase our leadership and competitive advantage in the U.S. business,” said Sandy Douglas, President, Coca-Cola North America.

    Consistent with previous transactions, The Coca-Cola Company and these bottlers will work collaboratively to benefit from more rational and contiguous operating territories across the United States; an improved, more integrated information technology platform across bottlers; and a new beverage agreement that supports the Coca-Cola system’s evolving U.S. operating model.

    * Denotes previously announced territory in April 2015 LOI

    About Atlantic Coca-Cola Bottling Company

    Atlantic Coca-Cola Bottling Company has celebrated over 100 years of producing and delivering Coca-Cola brands to Central and Southwest Iowa. Owned and operated by the Tyler family, headquartered in Atlantic, Iowa with a distribution center in Waukee, Iowa. Employing over 180 individuals, Atlantic Coca-Cola Bottling takes great pride in the role our Company and employees play in the sponsorship of various projects, organizations and celebrations promoting the quality of life throughout Iowa. For more information about Atlantic Coca-Cola Bottling Company, we encourage you to visit us at www.atlanticbottling.com, follow us on Twitter at twitter.com/atlanticcoke, and find us on Facebook at facebook.com/atlanticbottling.

    About The Coca-Cola Company

    The Coca-Cola Company (NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Led by Coca-Cola, one of the world's most valuable and recognizable brands, our Company's portfolio features 20 billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, we are the No. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of 1.9 billion servings a day. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. Together with our bottling partners, we rank among the world's top 10 private employers with more than 700,000 system associates. For more information, visit Coca-Cola Journey at www.coca-colacompany.com, follow us on Twitter at twitter.com/CocaColaCo, visit our blog, Coca-Cola Unbottled, at www.coca-colablog.com or find us on LinkedIn at www.linkedin.com/company/the-coca-cola-company.

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