Swire Coca-Cola to acquire Coca-Cola bottling businesses in Vietnam and Cambodia
Swire Coca-Cola Limited, a wholly-owned subsidiary of Swire Pacific Limited, will acquire Coca-Cola subsidiaries with bottling businesses in Vietnam and Cambodia.
With young demographics, increasing urbanization and pre-pandemic GDP growth of over 7% per year, Vietnam and Cambodia open up ‘significant opportunities’ for Swire Coca-Cola, says the company.
Swire Coca-Cola – which is the fifth largest bottling partner of The Coca-Cola Company by global volume with a portfolio of 62 brands – already covers Greater China and the western US. In making its first investments in South East Asia, it will gain a strong position in one of the world’s fastest growing beverage markets.
As a result, Swire Coca-Cola's franchise population will expand by 15% to around 876 million people.