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August 31, 2015 7:42 AM ET

Beverages

Company Overview of Coca-Cola Refreshments USA, Inc.

Company Overview

Coca-Cola Refreshments USA, Inc. produces, distributes, and markets bottled and canned liquid non-alcoholic refreshment products in North America. It offers various beverages, including regular, zero, and low-calorie energy and sports drinks, waters, juices, fruit drinks, coffees, and teas. The company also distributes products of various other beverage brands. The company was formerly known as Coca-Cola Enterprises Inc. and changed its name to Coca-Cola Refreshments USA, Inc. in October 2010. Coca-Cola Refreshments USA, Inc. was incorporated in 1944 and is based in Atlanta, Georgia. Coca-Cola Refreshments USA, Inc. operates as a subsidiary of The Coca-Cola Company.

2500 Windy Ridge Parkway

Atlanta, GA 30339

United States

Founded in 1944

70,000 Employees

Phone:

770-989-3000

Fax:

770-989-3640

Key Executives for Coca-Cola Refreshments USA, Inc.

Chairman, Chief Executive Officer, Member of Executive Committee and Member of Corporate Responsibility & Sustainability Committee
Age: 66
President and Chief Operating Officer
Age: 46
Executive Vice President
Age: 54
Senior Vice President of Supply Chain
Age: 48
Chief Commercial Officer
Compensation as of Fiscal Year 2015.

Coca-Cola Refreshments USA, Inc. Key Developments

Monster Energy Company and Coca-Cola Refreshments USA, Inc. Enters into an Amended and Restated Distribution Agreement

Monster Beverage Corporation, through its operating subsidiary, Monster Energy Company and Coca-Cola Refreshments USA, Inc. have entered into an amended and restated distribution agreement,dated as of March 18, 2015, granting CCR rights to distribute energy drink products offered, packaged and/or marketed by MEC or its affiliates under the primary brand name Monster throughout a significant portion of the geographic territory CCR currently services for the distribution of Coca-Cola products. Pursuant to the CCR Distribution Agreement, MEC has appointed CCR as the exclusive distributor and seller of MEC Products to CCR’s accounts or classes of accounts within the territory, excluding certain military accounts which will be exclusively served by MEC, and excluding general sports retailer accounts and national specialty retailer accounts which will be served by CCR on a non-exclusive basis. The CCR Distribution Agreement expands the scope of the geographic territory and the number of accounts to which CCR currently has the rights to distribute MEC Products and supersedes and replaces all prior agreements between MEC and CCR regarding the same subject matter. The CCR Distribution Agreement has an initial term of 20 years, subject to specified termination rights held by each party. After the initial term, the CCR Distribution Agreement shall, subject to either party’s termination rights under the CCR Distribution Agreement, continue and remain in effect unless either party gives written notice of non-renewal to the other party at least 90 days prior to the end of the initial term or any subsequent anniversary of the date performance commences under the CCR Distribution Agreement.

Coca-Cola Bottling Consolidated Announces Agreement with Coca-Cola Company to Expand Franchise Territory

Coca-Cola Bottling Co. Consolidated announced it has signed a definitive agreement with an affiliate of The Coca-Cola Company to expand the bottler's franchise territory to include the Paducah and Pikeville territories currently served by Coca-Cola Refreshments USA, Inc. (CCR), a wholly-owned subsidiary of The Coca-Cola Company. This agreement represents the last phase of the proposed franchise territory expansion described in the previously-announced Letter of Intent from April 2013 between the Company and The Coca-Cola Company. The Company expects the transaction to close in early May 2015. As previously disclosed, the Company has signed definitive agreements with an affiliate of The Coca-Cola Company to exchange the bottler's franchise territory in Jackson, TN for territory currently served by CCR in Lexington, KY and to expand the bottler's franchise territory to include Louisville, KY and Evansville, IN. The definitive agreement and other agreements to be entered into at closing will provide the Company the exclusive rights to distribute beverage brands owned by The Coca-Cola Company as well as certain other beverage brands not owned by The Coca-Cola Company that are currently being distributed in the Paducah and Pikeville territories by CCR. The transaction includes the purchase by the Company of distribution assets and certain working capital items from CCR relating to these territories and the purchase of exclusive rights to distribute certain non-Coca-Cola beverage brands in these territories. The transaction also includes the grant by CCR to the Company of exclusive rights to distribute beverage brands owned by The Coca-Cola Company in these territories under a comprehensive beverage agreement to be entered into at closing. Under such agreement, the Company will make a quarterly sub-bottling payment to CCR on a continuing basis after the closing for the grant of such exclusive rights. The Company will not acquire any production assets from CCR and will, with certain exceptions, purchase finished goods from CCR to service customers in these territories.

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