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Coca-Cola Consolidated

Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.[3]

The company makes, sells and distributes Coca-Cola products along with other beverages, distributing to a market of 65 million people in 14 states.[4] Coca-Cola Consolidated is based in the southeast, midwest, and mid-atlantic portion of the United States. The Company has 13 manufacturing facilities, 80 distribution and warehouses, with corporate offices located in Charlotte, North Carolina.[5]

Corporate history

In 1902, the company that later became Coca-Cola Bottling Company Consolidated was founded by the current chairman's great-grandfather, J. B. Harrison.[6] That company was merged with other bottlers to form Coca-Cola Bottling Co. Consolidated in 1973.[6] The company was incorporated in 1980,[7] acquired Wometco in 1985,[6] and acquired Sunbelt Coca-Cola in 1991.[6]

Financials

As of January 1, 2017, The Coca-Cola Company owns approximately 35% of the Company's total outstanding common stock, representing approximately 5% of the total voting power of the Company's combined Common Stock and Class B Common Stock. J. Frank Harrison III, the Chairman of the Board and the Chief Executive Officer of the Company, owns shares of Common Stock and Class B Common Stock representing approximately 86% of the total voting power of the Company's combined stock and Class B Common Stock.

On November 5, 2025 it was announced that Coca-Cola Consolidated had repurchased all outstanding stock held by The Coca-Cola Company. The transaction was funded with a 364 day $1.2 billion from Wells Fargo. The Coca-Cola Company also relinquished its seat on the Coca-Cola Consolidated Board of Directors.[8]

Tax Incentives

In June 2018, Kentucky governor Matt Bevin announced tax incentives of $3.5 million for Consolidated to expand in Erlanger.[9] The incentives were part of a deal for Consolidated expansion in the area.[10]

Worker strike

The company, some of which its locales are unionized by the Teamsters, has seen strike initiatives.[11]

Community involvement

Coca-Cola Consolidated sponsors local events and many community organizations, including the YMCA.[12] Since 2008, Coca-Cola Consolidated has partnered with the World Wildlife Fund (WWF) to promote sustainable water policies, including water reuse practices, to protect and restore aquatic diversity.[13] Following the October 2015 North American storm complex Consolidated donated bottled water to flood victims.[14] It also supports public school teachers in Arkansas.[15]

External links

References

  1. Bianca Herron. Coca-Cola Bottling Co. Consolidated Supply Chain World, retrieved 14 September 2023^
  2. 2024 Annual Report (Form 10-K) U.S. Securities and Exchange Commission, 2025-02-20, retrieved 2025-03-05^
  3. Laura M. Holson. Where has all the Tab gone? Fans panic at a shortage San Francisco Chronicle, 19 October 2018, retrieved 3 November 2018^
  4. About www.cokeconsolidated.com, retrieved 2019-12-17^
  5. Products & Locations www.cokeconsolidated.com, retrieved 2017-04-05^
  6. about us retrieved 2008-06-28^
  7. SEC FILING services.corporate-ir.net, retrieved 2017-04-05^
  8. https://investors.coca-colacompany.com/news-events/press-releases/detail/1145/coca-cola-consolidated-repurchases-all-outstanding-shares-held-by-the-coca-cola-company^
  9. Error retrieved 2018-11-03^
  10. Melissa Reinert. Last vacancy filled at redeveloped Showcase Cinemas site in Erlanger The Cincinnati Enquirer, 9 October 2018, retrieved 3 November 2018^
  11. Coca-Cola bottling company workers in Bluefield authorize a strike retrieved 2018-10-27^
  12. Community Involvement retrieved 2010-05-08^
  13. Sustainability www.cokeconsolidated.com, retrieved 2017-04-05^
  14. Coca-Cola Bottling Co. Consolidated Provides Drinking Water Bottles to the Flood Victims retrieved 2018-11-01^
  15. Good News Matters: Coca-Cola Consolidated and Kroger Honors Teachers 26 October 2018^