21st Century Beverage Partnership Expands to Canada
Congratulations to Junior Bridgeman of Heartland Coca-Cola Bottling Co. and Larry Tanenbaum O.C. on the signing of a non-binding Letter of Intent to acquire the Coca-Cola company’s Canadian bottling and distribution business, Coca-Cola Refreshments Canada (CCRC).
This is a Canadian-based joint venture between Tanenbaum, a prominent Canadian businessman and philanthropist, and Mr. Bridgeman, a former NBA player, renowned entrepreneur and current President and CEO of Kansas City-based Heartland Coca-Cola Bottling Company. Each bring a distinct set of skills and expertise to the partnership that will support the long-term growth and success of the Coca-Cola business in Canada.
Coca-Cola Refreshments Canada (CCRC) employs approximately 5,800 associates and operates five production facilities and over 50 sales and distribution centers across Canada’s ten provinces and three territories.
This non-binding Letter of Intent initiates the final step to complete the refranchising of all of The Coca-Cola Company’s company-owned bottling operations in North America, following the completion of refranchising in the United States last year.
The transaction is expected to close in the second half of 2018.
“Celebrating Our System. Celebrating Our Success”
Nearly 120 Members of our Bottling family and their guests / family participated in a special event at the Intercontinental Hotel in Atlanta on February 8th.
Part business meeting – mostly party – the celebration acknowledged the completion of a process that officially began about five years ago, but was a dream of many across our system for much longer! The gathering was to celebrate and honor the official transformation of our Coca-Cola Bottling System, simultaneously a national and local business. Since 2013, many of our Bottling Members and the Company worked together to execute 60 transitions. These included 350 distribution centers, over 50 production facilities, over 55,000 employees and over 1.3 billion physical cases of volume. And, this does not even include the Bottler to Bottler transactions!
Click here to view meeting highlights and photos (MEMBERS ONLY) of the event.