Coca-Cola Europacific Partners

Coca-Cola Europacific Partners plc, also known as CCEP, is a multinational bottling company headquartered in Great Britain[6][7]. It is the world's largest independent Coca-Cola bottler by net revenue and operates in 31 markets globally.[8][9] CCEP is listed on the London Stock Exchange, is a member of the FTSE 100 Index[10] and is also traded on the Nasdaq stock exchange in the United States. CCEP shares are also available on Euronext Amsterdam and the Spanish Stock Exchange.[11][12]

Formerly known as Coca-Cola European Partners (2016–2021), the company was formed as a merger of the three main bottling companies for The Coca-Cola Company in Western Europe. In 2021 it acquired Australian bottling company Coca-Cola Amatil to form Coca-Cola Europacific Partners.

History

The company was formed as Coca-Cola European Partners on 28 May 2016 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. The combination created the world's largest independent Coca-Cola bottler based on net revenues.[13] Since the merger, CCEP has recorded solid revenue growth, reporting €20.4 billion in annual sales in the 2024 financial year.[14]

The company was first listed on the London Stock Exchange in March 2019, with shares being traded in euros.[15]

Following the acquisition of Australian bottling company Coca-Cola Amatil, the company changed its name from Coca-Cola European Partners to Coca-Cola Europacific Partners on 10 May 2021.[16]

In December 2022, the company bought the naming rights to Erebus Motorsport in the Supercars Championship. The team competed under the name Coca-Cola Racing by Erebus for the 2023 and 2024 seasons.[17]

On 23 February 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.[18][19]

Business operations

As of 2024, CCEP operates in 31 markets across Europe, Australia, the Pacific and Indonesia, and runs 97 production facilities. The company manufactures, distributes and sells a portfolio that includes global brands such as Coca‑Cola, Sprite, Fanta and Monster, as well as local brands including Mezzo Mix, Urge and L&P. According to its annual reporting, more than 90% of the drinks it sells are produced in the country where they are consumed.[20]

See also

• Anchor bottler
• Coca-Cola Beverages Africa

External links