Coca-Cola signs definitive agreement with Great Lakes Coca-Cola Distribution
Great Lakes to dedicate sales, distribution activities to Coca-Cola brands
Atlanta-based The Coca-Cola Co. signed a definitive agreement with Great Lakes Coca-Cola Distribution LLC, a wholly owned subsidiary of Reyes Holdings LLC, Rosemont, Ill. This agreement follows a letter of intent announced in February with Reyes Holdings LLC for the granting of territories in the greater Chicago area. The Coca-Cola Co. anticipates closing the transaction in 2015, but financial terms were not disclosed.
“Reyes Holdings has a proven track record of building strong brands in mature markets with local customers and will be an important asset to our system,” said Sandy Douglas, president of Coca-Cola North America, in a statement. “We’re proud to welcome Chris Reyes and Jude Reyes to the family of Coca-Cola franchise bottlers in North America.”