Coca-Cola Consolidated

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Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.[1]

The company makes, sells and distributes Coca-Cola products along with other beverages, distributing to a market of 65 million people in 14 states.[2] 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.[3]

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.[4] That company was merged with other bottlers to form Coca-Cola Bottling Co. Consolidated in 1973.[4] The company was incorporated in 1980,[5] acquired Wometco in 1985,[4] and acquired Sunbelt Coca-Cola in 1991.[4]

In 2018, the company announced a major expansion into Kentucky.[6][7][8]

Discontinuation of Tab

In October 2018, Coca-Cola Bottling Consolidated denied it had discontinued distribution of Tab, though it admitted it had reduced its distribution.[9][10][11]

Financials

Script error: No such module "Unsubst". 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.

Tax Incentives

In June 2018, Kentucky governor Matt Bevin announced tax incentives of $3.5 million for Consolidated to expand in Erlanger.[12] The incentives were part of a deal for Consolidated expansion in the area.[13]

Worker strike

The company, some of which its locales are unionized by the Teamsters, has seen strike initiatives.[14]

Community involvement

Coca-Cola Consolidated sponsors local events and many community organizations, including the YMCA.[15] 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.[16] Following the October 2015 North American storm complex Consolidated donated bottled water to flood victims.[17] It also supports public school teachers in Arkansas.[18]

References

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External links

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