SABMiller, Coca-Cola and local firm to create African bottler

2014-11-27 10:06

Three companies are combining their soft drinks bottling operations in south and east Africa to create a group with about R32 billion in revenue across 12 fast-growing markets.

The new company, which will be headquartered in South Africa, will be 57% owned by SABMiller, 31.7% by Gutsche Family Investments, which is the majority owner of Coca-Cola Sabco, and 11.3% owned by The Coca-Cola Company, the groups said today.

“The opportunity is significant, with favourable demographics and economic development pointing to excellent growth prospects,” said Alan Clark, chief executive of SABMiller.

“This also signifies a strengthening of our strategic relationship with Coca-Cola.”

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