Coca-Cola Buys Sixth-Largest U.S. Coke Bottler
Coca-Cola announced Wednesday that it has acquired the Sacramento Coca-Cola Bottling Company, the sixth-largest (formerly) independent Coca-Cola bottler in the United States. Sacramento Coca-Cola currently distributes Coca-Cola products in all or part of the nine northern California Counties of Sacramento, Yolo, Solano, Placer, El Dorado, Amador, Stanislaus, Sutter, and Tuolumne.
Coke did not disclose the exact purchase price, saying only that it "approximates nine times earnings before interest, taxes, depreciation and amortization (EBITDA)."
Sacramento Coca-Cola employs nearly 500 people. Sacramento Coca-Cola Bottling Company was founded in 1927 when Nathan M. Sellers acquired the rights to sell Coca-Cola in most of Northern California, north of San Francisco.
The article Coca-Cola Buys Sixth-Largest U.S. Coke Bottler originally appeared on Fool.com.Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend The Coca-Cola Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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