 | |
| Formerly | Coca-Cola Bottling Co. Consolidated |
|---|---|
| Company type | Public |
| Industry | Food processing |
| Founded | February 19, 1906; 119 years ago (1906-02-19), inNorth 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$6.90 billion[2] (2024) |
| US$920 million[2] (2024) | |
| US$633 million[2] (2024) | |
| Total assets | US$5.31 billion[2] (2024) |
| Total equity |  US$1.42 billion[2] (2024) |
Number of employees | 17,000[2] (2024) |
| Website | cokeconsolidated |
Coca-Cola Consolidated, Inc., headquartered inCharlotte, North Carolina, is the largest independentCoca-Cola bottler in theUnited States.[3]
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]
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]
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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.
In June 2018, Kentucky governorMatt Bevin announced tax incentives of $3.5 million for Consolidated to expand inErlanger.[8] The incentives were part of a deal for Consolidated expansion in the area.[9]
The company, some of which its locales are unionized by the Teamsters, has seen strike initiatives.[10]
Coca-Cola Consolidated sponsors local events and many community organizations, including theYMCA.[11] Since 2008, Coca-Cola Consolidated has partnered with theWorld Wildlife Fund (WWF) to promote sustainable water policies, including water reuse practices, to protect and restore aquatic diversity.[12] Following theOctober 2015 North American storm complex Consolidated donated bottled water to flood victims.[13] It also supports public school teachers in Arkansas.[14]
Coca-Cola Bottling Co. Consolidated, the largest independent bottler and distributor of Coca-Cola products in the United States.
Coca-Cola Bottling Co. Consolidated announced its commitment to be a part of the $50 million redevelopment of the old Showcase Cinemas site earlier this year. Coca-Cola Bottling Co. will have its own building. Cincinnati-based developer Al Neyer is constructing the two commercial buildings on 135 acres located just off of I-71/75 and I-275. Coca-Cola Bottling Co.'s move, to a site you can see from I-275, will create more than 430 full-time jobs including positions in distribution, sales and warehouse functions. Company leaders anticipate starting work as soon as possible and expect to open by late summer 2019.