Coca-Cola Consolidated

Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.^[3]

Coca-Cola Consolidated, Inc.

Formerly	Coca-Cola Bottling Co. Consolidated
Company type	Public
Traded as	Nasdaq: COKE S&P 400 component
Industry	Food processing
Founded	February 19, 1906; 119 years ago (1906-02-19), 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	Coca-Cola Diet Coke Sprite Dr Pepper Monster[1]
Revenue	US$6.90 billion[2] (2024)
Operating income	US$920 million[2] (2024)
Net income	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.com

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]

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.^[8] The incentives were part of a deal for Consolidated expansion in the area.^[9]

Worker strike

The company, some of which its locales are unionized by the Teamsters, has seen strike initiatives.^[10]

Community involvement

Coca-Cola Consolidated sponsors local events and many community organizations, including the YMCA.^[11] 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.^[12] Following the October 2015 North American storm complex Consolidated donated bottled water to flood victims.^[13] It also supports public school teachers in Arkansas.^[14]