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coca-cola bottling -cl b (COKEB) Details

Coca-Cola Bottling Co. Consolidated, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. It offers sparkling beverages comprising energy drinks; and still beverages, such as bottled water, tea, ready-to-drink coffee, enhanced water, juices, and sports drinks. The company holds cola beverage agreements and allied beverage agreements under which it produces, distributes, and markets sparkling beverage products of The Coca-Cola Company in certain regions. It also distributes and markets still beverages of The Coca-Cola Company, including POWERade, vitaminwater, and Minute Maid Juices To Go, as well as produces, distributes, and markets Dasani water products. In addition, the company holds agreements to produce, distribute, and market Dr Pepper in some of the regions comprising the Legacy Territories. Further, it distributes and markets various other products, such as Monster energy products and Sundrop; produces beverages for other Coca-Cola bottlers; and provides restaurants and other immediate consumption outlets with fountain products. The company sells and distributes its products directly to retail stores and other outlets, including food markets, institutional accounts, and vending machine outlets. The company holds bottling rights from The Coca-Cola Company covering North Carolina, South Carolina, and West Virginia, as well as portions of Alabama, Mississippi, Tennessee, Kentucky, Virginia, Pennsylvania, Georgia, and Florida. Coca-Cola Bottling Co. Consolidated was founded in 1902 and is based in Charlotte, North Carolina.

5,600 Employees
Last Reported Date: 03/13/15
Founded in 1902

coca-cola bottling -cl b (COKEB) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $921.8K
President, Chief Operating Officer, Director ...
Total Annual Compensation: $659.8K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $493.8K
Senior Vice President of Sales, Field Operati...
Total Annual Compensation: $425.4K
Compensation as of Fiscal Year 2014.

coca-cola bottling -cl b (COKEB) Key Developments

CCBCC Operations, LLC and Coca-Cola Bottling Co. Consolidated Enter New Distribution Agreement with Monster Energy Company

Coca-Cola Bottling Co. Consolidated through its operating subsidiary, CCBCC Operations, LLC, and Monster Energy Company (MEC), an operating subsidiary of Monster Beverage Corporation, have entered into a new distribution agreement, dated as of March 26, 2015, granting the Company rights to distribute energy drink products offered, packaged and/or marketed by MEC under the primary brand name Monster (the MEC Products) throughout the same geographic territory the Company currently services for the distribution of Coca-Cola products. The company expects to begin distributing MEC Products pursuant to the MEC Distribution Agreement on or about April 6, 2015. Pursuant to the MEC Distribution Agreement, MEC has appointed the company as the exclusive distributor and seller of MEC Products to the Company'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 the company on a non-exclusive basis. The MEC Distribution Agreement significantly expands the scope of the geographic territory and the number of accounts to which the company currently has the rights to distribute MEC Products and, effective upon the Commencement Date, supersedes and replaces all prior agreements between MEC and the company regarding the same subject matter. The MEC Distribution Agreement obligates the Company to perform customary duties of a beverage product distributor, including using commercially reasonable good faith efforts to develop and exploit the full potential of the business of distributing, marketing and selling MEC Products throughout the Territory. The company will purchase MEC Products from MEC for distribution to the Accounts in the Territory at prices to be set forth in MEC's then-current price list, as the same may be changed by MEC from time to time.

Coca-Cola Bottling Co. Consolidated Opens New Sales and Distribution Center

Coca-Cola Bottling Co. Consolidated announced that it has grand opening of its new Sales and Distribution Center and made its formal debut as Louisville’s new Coca-Cola bottler. Louisville Mayor Greg Fischer joined Coca-Cola officials, civic and community leaders and key customers at an open house and ribbon cutting ceremony at the company’s new 305,000 square foot sales and distribution center in Southwest Louisville. The new facility will handle sales and distribution of Coca-Cola products in a 21-county area stretching from Owen County to Hardin County in Kentucky and Jefferson County to Harrison County in Indiana. The company currently has 350 employees working in the Louisville franchise territory. In addition, a new ‘make ready center’, which will handle deployment and refurbishing of vending and other sales equipment, is still under construction and will open later this spring. The facility is located on Global Drive in Southwest Louisville.

Coca-Cola Bottling Co. Consolidated Closes Transaction to Expand Franchise Territory

Coca-Cola Bottling Co. Consolidated reported that it has closed its previously disclosed agreement with an affiliate of The Coca-Cola Company to expand the bottler's franchise territory to include Louisville, KY and Evansville, IN. This closing represents an additional 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.


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