Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.[3]
 | |
| Formerly | Coca-Cola Bottling Co. Consolidated |
|---|---|
| Company type | Public |
| Industry | Food processing |
| Founded | February 19, 1906, in North Carolina, U.S. |
| Founder | J.B. Harrison |
| Headquarters | Charlotte, North Carolina, U.S. |
Area served | U.S. |
Key people | J. Frank Harrison, III (chairman & CEO) |
| Products | Beverages |
| Brands | |
| Revenue |  US$4.324 billion[2] (2017) |
| US$1.54 billion[2] (2017) | |
| US$1.212 billion[2] (2016) | |
| Total assets | US$0.901 billion[2] (2015) |
| Total equity | US$0.705 billion[2] (2014) |
Number of employees | 16,000 (December 31, 2021) |
| Website | cokeconsolidated |
The company makes, sells and distributes Coca-Cola products along with other beverages, distributing to a market of 65 million people in 14 states.[4] 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.[5]
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.[6] That company was merged with other bottlers to form Coca-Cola Bottling Co. Consolidated in 1973.[6] The company was incorporated in 1980,[7] acquired Wometco in 1985,[6] and acquired Sunbelt Coca-Cola in 1991.[6]
In 2018, the company announced a major expansion into Kentucky.[8][9][10]
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.[11][12][13]
Financials
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.[14] The incentives were part of a deal for Consolidated expansion in the area.[15]
Worker strike
The company, some of which its locales are unionized by the Teamsters, has seen strike initiatives.[16]
Community involvement
Coca-Cola Consolidated sponsors local events and many community organizations, including the YMCA.[17] 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.[18] Following the October 2015 North American storm complex Consolidated donated bottled water to flood victims.[19] It also supports public school teachers in Arkansas.[20]
References
External links
- Official website
- Business data for Coca-Cola Consolidated, Inc.: