The Coca-Cola Company is the world's largest beverage company, with more than 1.9 billion of its beverages consumed every day. Photo via fb.com
A major beverage facility in town has changed hands.
Chicago-based Coca-Cola distributor Great Lakes Coca-Cola Distribution said today that it has signed a letter of intent with Coca-Cola Co. to acquire six production facilities, including the Grand Rapids facility at 1440 Butterworth St. SW.
As part of the deal, Great Lakes Coca-Cola Distribution gains exclusive rights to the sale and distribution of Coca-Cola beverages in Michigan.
The other Coca-Cola Co. plants in the deal are across the Midwest: Alsip and Niles, Illinois; Eagan, Minnesota; Milwaukee; and Detroit.
The acquisition is part of Coca-Cola’s 21st Century Beverage Partnership Model, “a broad initiative aimed at building on system capabilities to sustain success.”
The deal is expected to be completed later in 2016 or in 2017, with Great Lakes committed to working with Coca-Cola for a smooth transition.
“This marks another key milestone in our partnership with Great Lakes, expanding our joint efforts through the sale of these Midwest bottling operations,” said Sandy Douglas, president, Coca-Cola North America. “We look forward to future collaboration that meets the needs of customers in the Midwest.”
Great Lakes Coca-Cola Distribution
Great Lakes Coca-Cola Distribution is a subsidiary of Reyes Holdings, an international beverage and food service provider.
Reyes Holdings is one of the largest privately held companies in the U.S., with more than 18,000 employees and sales of $24 billion.
Reyes Beverage Group is the largest beer distributor in the U.S.