Coca-Cola Beverages Florida LLC, Tampa, Fla., has closed a transaction with an affiliate of The Coca-Cola Co., Atlanta, for distribution rights in five North Florida territories, including Jacksonville, Gainesville, Orlando, Daytona and Brevard County, along with production facilities in Jacksonville and Orlando.
This transaction follows an Oct. 26 announcement by The Coca-Cola Co. that it reached a definitive agreement with Coca-Cola Florida to purchase nine distribution centers and four production facilities in north and south Florida. The south Florida transaction is scheduled to close in the first quarter of 2017, it says.
“Today marks another great milestone in the early history of Coca-Cola Beverages Florida,” said Troy Taylor, chairman and chief executive officer of Coca-Cola Florida, in a statement. “Everyone at Coca-Cola Beverages Florida is excited to welcome the north Florida territory’s 1,600 associates to our growing family. We all look forward to forging greater partnerships with our local communities and further enhancing local market execution to ensure that our customers and consumers alike are enjoying unique Coca-Cola moments.”