Law360, New York (October 27, 2011, 3:12 PM ET) -- The Coca-Cola Co. on Thursday acquired the fifth-largest independent U.S. bottling company for $360 million, continuing a push to bring its bottlers in-house.
With the purchase, Great Plains Coca-Cola Bottling Co. will become an operating unit within Coca-Cola Refreshments, a wholly owned Coca-Cola subsidiary. The deal is expected to close later this year.
Coca-Cola Refreshments CEO Steve Cahillane said the subsidiary would look to leverage Great Plains' product supply and customer service operations and assimilate the bottling company's more than 1,200 employees.
Great Plains is the...
Coca-Cola Brings In 5th-Largest US Bottler For $360M
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