Coca-Cola has acquired the nation’s sixth-largest independent Coca-Cola bottler — Sacramento Coca-Cola Bottling Company — for an undisclosed sum, it was announced Wednesday.
Sacramento Coca-Cola Bottling, founded in 1927, distributes the beverage giant’s products in nine northern California counties, including Sacramento, Solano and El Dorado.
“We are proud of our 85-year legacy of service to the community and have come to the decision that the time is right to transition the business to The Coca-Cola Company,” Rob Siebers, president and chief executive officer of the Sacramento Coca-Cola Bottling Company, said in a release. “We believe this is the right action to ensure the continued success of Coca-Cola in Northern California.”
The sale approximates nine times earnings before interest, taxes, depreciation and amortization or EBITDA.
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