CCEP is set to pay $9.93bn AUD for Amatil, which will create the world’s largest Coca-Cola bottler with 33,000 employees and a footprint covering 26 countries. The acquisition is due to be completed next month.
“This is a significant moment for Coca-Cola Amatil and Coca-Cola European Partners, and our new name reflects what will be a broader and more balanced geographic footprint, doubling our consumer reach,” say the companies as they announce the new name.
“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 is predicted to grow CCEP’s revenues by 25% from €12bn ($14.2bn) to more than €15bn ($17.7bn). It also gives CCEP access to the Australian and New Zealand markets – largely similar to its own – as well as the fast-growing, populous country of Indonesia.
Coca-Cola European Partners was created by the merger of three European operations in 2015: joining together Coca-Cola Iberian Partners, Coca-Cola Enterprises, and Coca-Cola Erfrischungsgetränke.