Swire Coca-Cola, USA Finalizes Refranchising From The Coca-Cola Company Of Territories In Arizona And New Mexico
DRAPER, Utah--(BUSINESS WIRE)--Swire Coca-Cola, USA announced the completion of refranchising from The Coca-Cola Company of territories in Arizona and New Mexico, including the acquisition of eight sales and distribution facilities in these territories. Swire Coca-Cola’s operation of the territories commenced July 30.
The agreement builds on Swire Coca-Cola’s growing footprint in the United States. The Utah-based company now operates in 13 western states. Prior to this purchase, Swire Coca-Cola had smaller territories in Arizona and New Mexico. The deal increases Swire Coca-Cola’s workforce by 1,450 employees, and its population served will increase to a total of 19 million people.
“We are excited to finalize this deal with The Coca-Cola Company,” said Jack Pelo, President and CEO, Swire Coca-Cola, USA. “New territories and more employees mean more opportunities to serve more customers, in more places. I am eager to bring Swire’s commitment to excellence to our new customers and communities.”
Arizona Gov. Doug Ducey lauded the news of Swire’s expansion into his state.
“Swire Coca-Cola’s choice to expand in Arizona is an endorsement of the state’s thriving, business-friendly environment,” Ducey said. “We welcome Swire Coca-Cola and I look forward to toasting their success with an ice cold Coca-Cola.”
Swire Coca-Cola, USA is a part of the beverages division for Swire Pacific Limited (HKSE: 00019/00087).
About Swire Coca-Cola, USA
At Swire Coca-Cola, USA we proudly create the magical feelings, special times and great taste of America's favorite sparkling, water, juice, tea, sport and energy drinks. Our commitment to excellence guides our actions with our employees, customers and communities. Swire Coca-Cola, USA produces, sells and distributes Coca-Cola and other beverages, including more than 300 brands across 13 states to 19 million people. The company’s territory includes parts of Arizona, California, Colorado, Idaho, Kansas, Nebraska, Nevada, New Mexico, Oregon, South Dakota, Washington and Wyoming. With 4,600 employees and headquarters in Draper, Utah, Swire Coca-Cola, USA is a subsidiary of Swire Pacific Limited (HKSE: 00019/00087) (www.swirepacific.com) as part of its Beverages Division. For more information, visit us at: www.swirecc.com.
