Since February 2016, Coca-Cola has been accelarating its plan to refranchise its bottling operations in North America. That plan is almost complete.
Coca-Cola Refreshments has sold most of its operations to Coca-Cola Consolidated. But announced just last month, executives Paul Mulligan and Fran McGorry will be partnering up to create a new bottling operation in the Northeast--Liberty Coca-Cola Beverages, LLC. The territories will include metropolitan New York, most of New Jersey, and part of Delaware.
Both Mulligan and McGorry are experienced in bottling operations. The former being the current president of Coca-Cola Refreshments since 2014, and latter the president of what's now called the Tri-State Metro Operating Unit--a division of the Coca-Cola Company.
Right now, they have only signed a letter of intent to form the new bottling company. The next step will be a definitive agreement, followed by a closing.
Coca-Cola remains on schedule to refranchise all of its bottling operations in the U.S. by the end of 2017.
Frequently Asked Questions About Coca-Cola Bottling Operations
What is Coca-Cola's refranchising plan about?
Coca-Cola's refranchising plan involves transferring its bottling operations in North America to independent bottlers. This plan has been underway since February 2016 and is nearing completion.
Who are the key executives involved in the new bottling operation in the Northeast?
Paul Mulligan, president of Coca-Cola Refreshments since 2014, and Fran McGorry, president of the Tri-State Metro Operating Unit, are partnering to create Liberty Coca-Cola Beverages, LLC, a new bottling company for the Northeast region.
Which territories will the new bottling company cover?
The new bottling company, Liberty Coca-Cola Beverages, LLC, will cover metropolitan New York, most of New Jersey, and part of Delaware.
What are the next steps for forming the new bottling company?
Currently, a letter of intent has been signed. The next steps include finalizing a definitive agreement followed by the closing of the new bottling company formation.
Has Coca-Cola sold any of its bottling operations as part of this plan?
Yes, Coca-Cola Refreshments has sold most of its bottling operations to Coca-Cola Consolidated as part of the refranchising process.
When is Coca-Cola expected to complete its refranchising of U.S. bottling operations?
Coca-Cola is on schedule to complete the refranchising of all its U.S. bottling operations by the end of 2017.
