TAGS: Coca-Cola Co., Sacramento Coca-Cola Bottling Co., Coca-Cola bottlers, bottler acquisition, vending, soda vending machine, beverage industry, soda bottler
SACRAMENTO, CA -- Coca-Cola Co. has acquired Sacramento Coca-Cola Bottling Co., the sixth-largest independent Coca-Cola bottler in the United States, with exclusive territories in nine northern California counties. Terms of the deal were not disclosed, but Coca-Cola said the purchase price is approximately nine times earnings before interest, taxes, depreciation and amortization.
Sacramento Coca-Cola Bottling Co. was founded in 1927 when Nathan M. Sellers acquired the rights to sell Coca-Cola in most of California north of San Francisco. It is the exclusive manufacturer and distributor of Coca-Cola products in all or part of Sacramento, Yolo, Solano, Placer, El Dorado, Amador, Stanislaus, Sutter and Tuolumne counties.
The California bottler employs 467 people in its three Central Valley facilities.