Coca-Cola FEMSA, the largest public bottler of Coca-Cola products in the world by sales volume, announces that its Brazilian subsidiary, Spal Industria Brasileira de Bebidas S.A.(Spal), has reached an agreement with the shareholders of Vonpar to acquire 100% of Vonpar, one of the largest privately owned bottlers in the Brazilian Coca-Cola system, for an aggregate enterprise value of R$3,578 million and an approximate equity value of R$3,508 million (which is subject to confirmation on debt, cash and other customary adjustments between signing and closing). During the last twelve months ended June 30, 2016, Vonpar sold 190 million unit cases of beverages, including 23 million unit cases of beer, generating R$2,026 million in net revenues and an EBITDA of R$335 million.
Coca-Cola will be investing EUR 26 million in in its Ballina Beverages facility in Ireland in order to produce Coca-Cola Freestyle machines.
Confirming receipt of notice from Uttar Pradesh State Pollution Control Board (UPPCB), the company said it has submitted a detailed response to issues raised over the plant.
Plants could be closed if proposed charge is implemented
Government aims to reduce sugar consumption, tackle obesity
Coca-Cola Beverages Africa, the bottling joint venture between the U.S. soft-drink maker and brewer SABMiller Plc, may close South African plants and see profit in the country more than halve if the government pushes ahead with a proposed sugar tax.
Roberto Vicente Baigorra Chávez, Secretary General of the Bolivian Embol Bottling Factory Workers Union in Santa Cruz, participated in the extraordinary meeting of FELATRAC (Latin American Federation of Coca Cola workers) organized in Buenos Aires. The constitution of an umbrella organization of unions organized in the Bolivian subsidiary of the transnational was the focus of this short interview.
After two weeks of intense negotiations, the Union of Workers of the National Soft Drink Industry S.A. (SUT-INARSA) and Coca Cola FEMSA signed the new collective bargaining agreement which contains 74 clauses and will be valid for two years.
The Convention was signed on May 13 and established an average of 15 percent increase in economic terms, in some cases reaching 18 percent, for example for social benefits (food packages, productivity bonus, perfect attendance, uniforms, transportation, etc.).