Coca-Cola Consolidated, Inc., headquartered in

Charlotte, North Carolina Charlotte ( ) is the most populous city in the U.S. state of North Carolina. Located in the Piedmont region, it is the county seat of Mecklenburg County. The population was 874,579 at the 2020 census, making Charlotte the 16th-most popu ...

, is the largest independent

Coca-Cola Coca-Cola, or Coke, is a carbonated soft drink manufactured by the Coca-Cola Company. Originally marketed as a temperance bar, temperance drink and intended as a patent medicine, it was invented in the late 19th century by John Stith Pembe ...

bottler in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

. The company makes, sells and distributes Coca-Cola products along with other beverages, distributing to a market of 65 million people in 14 states. Coca-Cola Consolidated is based in the southeast, midwest, and mid-atlantic portion of the United States. The Company has 13 manufacturing facilities, 80 distribution and warehouses, with corporate offices located in Charlotte, North Carolina.

Corporate history

In 1902, the company that later became Coca-Cola Bottling Company Consolidated was founded by the current chairman's great-grandfather, J. B. Harrison. That company was merged with other bottlers to form Coca-Cola Bottling Co. Consolidated in 1973. The company was incorporated in 1980, acquired Wometco in 1985, and acquired Sunbelt Coca-Cola in 1991. In 2018, the company announced a major expansion into Kentucky.

Discontinuation of Tab

In October 2018, Coca-Cola Bottling Consolidated denied it had discontinued distribution of Tab, though it admitted it had reduced its distribution.

Financials

As of January 1, 2017,

The Coca-Cola Company The Coca-Cola Company is an American multinational beverage corporation founded in 1892, best known as the producer of Coca-Cola. The Coca-Cola Company also manufactures, sells, and markets other non-alcoholic beverage concentrates and syrups ...

owns approximately 35% of the Company's total outstanding common stock, representing approximately 5% of the total voting power of the Company's combined Common Stock and Class B Common Stock. J. Frank Harrison III, the Chairman of the Board and the Chief Executive Officer of the Company, owns shares of Common Stock and Class B Common Stock representing approximately 86% of the total voting power of the Company's combined stock and Class B Common Stock.

Tax Incentives

In June 2018, Kentucky governor

Matt Bevin Matthew Griswold Bevin (; born January 9, 1967) is an American businessman and politician who served as the 62nd governor of Kentucky, from 2015 to 2019. He was the third Republican Party (United States), Republican elected Kentucky governor sin ...

announced tax incentives of $3.5 million for Consolidated to expand in Erlanger. The incentives were part of a deal for Consolidated expansion in the area.

Worker strife

The company, some of which its locales are unionized by the Teamsters, has seen strike initiatives.

Community involvement

Coca-Cola Consolidated sponsors local events and many community organizations, including the

YMCA YMCA, sometimes regionally called the Y, is a worldwide youth organization based in Geneva, Switzerland, with more than 64 million beneficiaries in 120 countries. It was founded on 6 June 1844 by George Williams in London, originally ...

. Since 2008, Coca-Cola Consolidated has partnered with the

World Wildlife Fund The World Wide Fund for Nature Inc. (WWF) is an international non-governmental organization founded in 1961 that works in the field of wilderness preservation and the reduction of human impact on the environment. It was formerly named the W ...

(WWF) to promote sustainable water policies, including water reuse practices, to protect and restore aquatic diversity. Following the October 2015 North American storm complex Consolidated donated bottled water to flood victims. It also supports public school teachers in Arkansas.

References

External links

* {{Finance links , name = Coca-Cola Consolidated, Inc. , symbol = COKE , reuters = COKE.O , bloomberg = COKE:US , sec_cik = 317540 , yahoo = COKE , google = COKE:NASDAQ Coca-Cola bottlers Companies based in Charlotte, North Carolina Companies based in Greensboro, North Carolina American companies established in 1902 Food and drink companies established in 1902 Companies listed on the Nasdaq Drink companies of the United States