Australia: CCEP makes takeover offer for Coca-Cola Amatil
European bottler Coca-Cola European Partners (CCEP), has made an offer to buy Australian Coca-Cola Amatil (CCA) for A$9.28 billion ($6.62 billion). According to sources, the Australian bottler is backing the offer, which prices the company below the market valuation that was made in February. CCA has reportedly seen a decrease in profit since March, due to the […]
Australia: Coca-Cola Amatil sells SPC processing business
Coca-Cola Amatil (CCA), one of the largest bottlers of non-alcoholic ready-to-drink beverages in the Asia-Pacific region, has announced it has reached a deal to sell the SPC fruit and vegetable processing business to Shepparton Partners, a joint venture between Perma Funds Management and The Eights, for A$40 million ($28 million). CCA originally announced it was […]
Australia: Coca-Cola Amatil to invest $118.9 million in new bottling plant
Coca-Cola Amatil is to invest A$ 165 million ($118.9 million) to expand a bottling and warehouse facility in Richlands, Australia. The new plant, which will have capacity to produce more than 90 million-unit cases of drinks per year, will produce sparkling and still beverages, juices, teas, alcohol and dairy drinks. It will also include a […]
Australia: SPC to sell IXL and Taylor’s brands to Kyabram Conserves
Australian fruit and vegetable cannery SPC, part of the Coca-Cola Amatil group, has sold the IXL jam and Taylor’s marinade and sauces brands to Kyabram Conserves. Terms of the sale were not disclosed. According to a company statement, Kyabram Conserves will continue to produce IXL and Taylor’s products from the site in Kyabram. “IXL and Taylor’s […]
Australia: Coca-Cola Amatil explores options for SPC
Cola-Cola Amatil, the Australian softt drinks and food firm, has started a “strategic review” of SPC, an Australian processor of packaged fruit and vegetablea. According to Alison Watkins, managing director of Coca-Cola Amatil, the review coincides with the completion of a four-year, A$100 million ($72 million) co-investment in SPC in conjunction with the Victorian government. “We […]
Australia: Coca Cola Amatil acquires Feral Brewing
Coca Cola Amatil (CCA), a leading bottler of Coca-Cola and other soft drinks in the Asia Pacific region, has announced the acquisition of Australian craft brewer Feral Brewing. Based in Perth, Western Australia, Feral Brewing produces a range of bottled craft ales under brand names such as Smoked Porter, Karma Citra and Sly Fox. The […]
Australia: Coca-Cola Amatil to close facility, invests $69.4 million
Coca-Cola Amatil, a manufacturer and distributor of beverages in the Asia-Pacific region, has announced the closure of South Australian manufacturing facilities in 2019 and the investment of A$90 million ($69.4 million) of capital expenditure in its Richlands manufacturing facility in Queensland, Australia. The new investment is said to include installing “a new glass production line […]
Indonesia: Coca Cola Amatil announces deal with Coca Cola Company to support its growth strategy
Coca Cola Amatil (CCA) has signed an agreement through which Coca-Cola Company will invest $500 million into the Indonesian subsidiary of CCA in return for an ordinary equity ownership interest of 29.4%. CCA’s Group Managing Director Alison Watkins commented: “This is an exciting development for both CCA and The Coca Cola Company. With a population […]
Australia: Coca-Cola Amatil debt rating downgraded as shares continue to fall
Coca-Cola Amatil (CCA) has had its credit rating cut by Standard & Poor’s (S&P), taking the company from A- to BBB+. The cut is said to be due to weak profit margins continuing to impact operating performance. According to the ABC, S&P said the new rating is still investment grade and Coca-Cola’s outlook remains stable […]