Coca-Cola UNITED Acquires Atlanta-Area Sites, Facilities
Through this transaction, the company has added 2,000 associates, as well as roughly 200 new jobs, marking a 10 percent. The firm plans to invest $25 million on equipment this year and an additional $100 million in the near future.
By Evelina Croitoru
Coca-Cola Co.’s facility at 2355 Sullivan Road in College Park, Ga.
Coca-Cola Bottling Co. UNITED closed a transaction with The Coca-Cola Co., expanding its metro Atlanta footprint. The deal included seven Coca-Cola locations and two production plants in Georgia.
The deal follows UNITED’s signing of letters in 2015 to acquire Coca-Cola’s Georgia locations in Athens, Dublin, Gainesville, Jasper, Lawrenceville, Macaon, Rome and metropolitan Atlanta, as well as the production plants in College Park and Marietta.
The transaction will enable UNITED to produce and distribute Coca-Cola beverages in metro Atlanta. The company has added roughly 200 new jobs, in addition to the 2,000 associates who have joined UNITED through this acquisition. The firm plans to invest approximately $25 million on equipment, facilities and its delivery fleet in Georgia. Additionally, in the coming years, UNITED intends to pump another $100 million in local capital investments in the Atlanta region.
Coca-Cola Co.’s facility at 1091 Industrial Park Drive in Marietta, Ga.
“The magnitude of this transaction is significant, in that we are increasing the overall size of our company by some 40 percent and adding more than 2,000 associates to the UNITED family. To further our commitment to our associates and customers throughout Georgia, we are making significant investments in our people, infrastructure and communities,” John Sherman, president & CEO at Coca-Cola Bottling Co. UNITED, said in prepared remarks.
Images via Google Maps
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