Coca-Cola Europacific Partners
Coca-Cola Europacific Partners plc (CCEP), formerly Coca-Cola European Partners (2016–2021) is a British-American [4][5] company formed as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG,[6][7] and one bottling company in Asia-Pacific: Coca-Cola Amatil.[6] The multinational bottling company involved in the marketing, production, and distribution of Coca-Cola products and other drinks such as Capri-Sun, Monster and Relentless.[8]
Company type
- LSE: CCEP
- Nasdaq: CCEP
- Nasdaq-100 component
- Coca-Cola European Partners
- Coca-Cola Enterprises
- Coca-Cola Amatil
- 28 May 2016 (as Coca-Cola European Partners)
- 10 May 2021 (as Coca-Cola Europacific Partners)
Uxbridge, England
42 bottling plants
- Europe
- Australia
- Asia-Pacific
- Indonesia
Sol Daurella (chairman)
Damian Gammell (CEO)
Regular, low- and no-calorie beverages including energy drinks, still and sparkling waters, juices and juice drinks, sports drinks, and ready-to-drink teas
54 brands (incl. Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite[1]) and List of The Coca-Cola Company products
€20.3 billion (2023)
€2.1 billion (2023)
- Olive Partners (34.5%)
- The Coca-Cola Company (19.5%)
35,200 (2023)
Overview[edit]
Coca-Cola Europacific Partners was formed on 10 May 2021 by Coca-Cola European Partners' acquisition of Australian bottling company Coca-Cola Amatil. The new company maintained the CCEP stock tickers that its predecessor had used.
Coca-Cola European Partners was formed on 28 May 2016[9] as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG.[6] The combination created the world's largest independent Coca-Cola bottler based on net revenues[10] and was estimated to result in a savings of between $350 million and $375 million within three years of closing.[10]
The merger was similar to that of Coca-Cola Beverages Africa, which consolidated Coca-Cola bottling operations in East and Southern Africa.
The company, with shares being traded in euros, has been listed on the London Stock Exchange since March 2019.[11]
In December 2022, the company bought the naming rights to Erebus Motorsport in the Supercars Championship. The team will compete under the name Coca-Cola Racing by Erebus for the 2023 and 2024 seasons.[12]
On February 23, 2024, Philippine-based Aboitiz Equity Ventures Inc. (AEV) announced that it has jointly acquired Coca-Cola Beverages Philippines Inc. together with Coca-Cola Europacific Partners (CCEP) for $1.8 billion on a debt-free, cash-free basis. CCEP will hold a 60% stake, while Aboitiz Equity Ventures will take up the remaining 40% stake.[13][14]