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Coca-Cola Europacific Partners
British multinational bottling company From Wikipedia, the free encyclopedia
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Coca-Cola Europacific Partners plc, also known as CCEP, is a British[5][6] multinational bottling company operating as world's largest independent Coca-Cola bottler by net revenue. Involved in the marketing, production, and distribution of Coca-Cola products, and other drinks such as Capri-Sun, Monster and Relentless,[7] CCEP is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.[8]
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Formerly known as Coca-Cola European Partners (2016–2021), the company formed as a merger of the three main bottling companies for The Coca-Cola Company in Western Europe. In 2021 it acquired with Australian bottling company Coca-Cola Amatil to form Coca-Cola Europacific Partners.[9]
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The company was formed as Coca-Cola European Partners on 28 May 2016 as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG. The combination created the world's largest independent Coca-Cola bottler based on net revenues[10] and was estimated to result in a savings of between $350 million and $375 million within three years of the merger.[10]
The company was first listed on the London Stock Exchange in March 2019, with shares being traded in euros.[11]
Following the acquisition of Australian bottling company Coca-Cola Amatil, the company changed its name from Coca-Cola European Partners to Coca-Cola Europacific Partners on 10 May 2021.[9]
In December 2022, the company bought the naming rights to Erebus Motorsport in the Supercars Championship. The team competed under the name Coca-Cola Racing by Erebus for the 2023 and 2024 seasons.[12]
On 23 February 2024, Philippine-based Aboitiz Equity Ventures Inc. (AEV) announced that it has jointly acquired Coca-Cola Beverages Philippines Inc. together with Coca-Cola Europacific Partners (CCEP) for $1.8 billion on a debt-free, cash-free basis. CCEP will hold a 60% stake, while Aboitiz Equity Ventures will take up the remaining 40% stake.[13][14]
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