Coca-Cola Co. Completes $4.9 Billion Costa Acquisition

Posted On: 1/4/2019

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ATLANTA -- Coca-Cola Co.  has completed its acquisition of international coffeehouse giant Costa Limited (Dunstable England). The $4.9 billion transaction follows approval from regulatory authorities in the European Union and China. | READ MORE
Costa, which has operations in more than 30 countries, gives Coca-Cola a significant footprint in the global coffee business. Costa has a scalable platform across multiple formats and channels, from its existing Costa Express vending system to opportunities to introduce ready-to-drink products.
"We see great opportunities for value creation through the combination of Costa's capabilities and Coca-Cola's marketing expertise and global reach," said Coca-Cola chief executive James Quincey. "Our vision is to use the strong Costa platform to expand our portfolio in the growing coffee category."