Coca-Cola Europacific Partners
{{short description|British multinational bottling company}}
{{Use British English|date=July 2021}}
{{Use dmy dates|date=September 2015}}
{{Infobox company
| name = Coca-Cola Europacific Partners plc
| logo = Coca-Cola Europacific Partners (LOGO).png
| logo_alt =
| logo_caption =
| image =
| image_size =
| image_alt =
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| type = Public
| traded_as = {{plainlist|
- {{LSE|CCEP}}
- FTSE 100 component
- {{NASDAQ|CCEP}}
- Nasdaq-100 component
}}
| ISIN = {{ISIN|GB00BDCPN049|sl=no}}
| industry = Beverages
| predecessors = {{unbulleted list|Coca-Cola European Partners|Coca-Cola Enterprises|Coca-Cola Amatil}}
| founded = {{unbulleted list|{{start date and age|2016|5|28|df=yes}} (as Coca-Cola European Partners)|{{start date and age|2021|5|10|df=yes}} (as Coca-Cola Europacific Partners)}}
| founder =
| hq_location = Uxbridge, England
| num_locations = 42 bottling plants
| area_served = {{Unbulleted list|Europe|Australia|Asia-Pacific|Indonesia|Philippines}}
| key_people = Sol Daurella (chairman)
Damian Gammell (CEO)
| products = Regular, low- and no-calorie beverages including energy drinks, still and sparkling waters, juices and juice drinks, sports drinks, and ready-to-drink teas
| brands = 54 brands (incl. Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite){{Cite web|url=https://www.ccep.com/pages/brands|title=Our brands|date=21 March 2024 |publisher=Coca-Cola Europacific Partners|access-date=3 March 2025}} and List of The Coca-Cola Company products
| services =
| owners = {{Unbulleted list|Olive Partners (36%)|The Coca-Cola Company (17%)}}
| revenue = {{increase}} €20.438 billion (2024){{cite web|url=https://ir.cocacolaep.com/static-files/cc4b1a7d-5203-4086-8fc9-1d4a5f0b3d39|title=Annual Results 2024|publisher=Coca-Cola Europacific Partners|access-date=3 March 2025}}
| operating_income = {{decrease}} €2.132 billion (2024)
| net_income = {{decrease}} €1.444 billion (2024)
| assets = {{increase}} €31.1 billion (2024)
| equity = {{increase}} €8.489 billion (2024)
| num_employees = 41,000 (2024){{Cite web|url=https://ir.cocacolaep.com/static-files/9e8834dc-0326-4415-845b-bbb271ea8fd2|title=Annual Report 2024|publisher=Coca-Cola Europacific Partners|access-date=21 March 2025}}
| website = {{URL|www.cocacolaep.com}}
}}
Coca-Cola Europacific Partners plc, also known as CCEP, is a British{{cite news | url=https://www.ft.com/content/10fd9c9e-3c2a-11e5-bbd1-b37bc06f590c | title=Coca-Cola bottlers agree three-way Europe merger | newspaper=Financial Times | date=6 August 2015 |access-date=3 March 2025}}{{cite web | url=https://www.accountingtoday.com/news/coke-bottlers-merger-might-lose-tax-gain-to-inversion-rules | title=Coke Bottler's Merger Might Lose Tax Gain to Inversion Rules |newspaper=Accounting Today| date=4 May 2016 |access-date=3 March 2025}} multinational bottling company operating as world's largest independent Coca-Cola bottler by net revenue. Involved in the marketing, production, and distribution of Coca-Cola products, and other drinks such as Capri-Sun, Monster and Relentless,{{Cite web |last=Esterl |first=Mike |date=6 August 2015 |title=Three Coca-Cola Bottlers Confirm Merger |url=https://www.wsj.com/articles/three-west-european-coca-cola-bottlers-confirm-merger-1438864553 |access-date=3 March 2025 |website=The Wall Street Journal |publisher=News Corp}} CCEP is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.{{cite web |date=5 March 2025 |title=FTSE UK Index Series Quarterly Review March 2025 |url=https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2615190 |access-date=21 March 2025 |publisher=FTSE Russell}}
Formerly known as Coca-Cola European Partners (2016–2021), the company formed as a merger of the three main bottling companies for The Coca-Cola Company in Western Europe. In 2021 it acquired with Australian bottling company Coca-Cola Amatil to form Coca-Cola Europacific Partners.
Overview
The company was formed as Coca-Cola European Partners on 28 May 2016 as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG. The combination created the world's largest independent Coca-Cola bottler based on net revenues{{Cite web|url = https://www.reuters.com/article/coca-cola-entr-europe-idUSL5N10H37Y20150806|title = UPDATE 5-Three European Coca-Cola bottlers to merge|date = 6 August 2015|access-date = 23 August 2015|website = Reuters|publisher = Thomson Reuters|last = Geller|first = Martinne}} and was estimated to result in a savings of between $350 million and $375 million within three years of the merger.
The company was first listed on the London Stock Exchange in March 2019, with shares being traded in euros.{{Cite news|url=https://www.packagingnews.co.uk/news/business/coca-cola-european-partners-lists-main-london-stock-exchange-28-03-2019|title=Coca-Cola European Partners lists on main London Stock Exchange|date=28 March 2019|newspaper=Packaging Today| access-date=3 March 2025}}
Following the acquisition of Australian bottling company Coca-Cola Amatil, the company changed its name from Coca-Cola European Partners to Coca-Cola Europacific Partners on 10 May 2021.{{cite news|url=https://www.packaginginsights.com/news/coca-cola-european-partners-becomes-coca-cola-europacific-partners-following-multi-billion-acquisition-of-coca-cola-amatil.html|title=Coca-Cola European Partners becomes Coca-Cola Europacific Partners following multi-billion acquisition of Coca-Cola Amatil|date=21 May 2021|newspaper=Packaging Insights|access-date=3 March 2025}}
In December 2022, the company bought the naming rights to Erebus Motorsport in the Supercars Championship. The team will compete under the name Coca-Cola Racing by Erebus for the 2023 and 2024 seasons.{{cite news|url=https://www.v8sleuth.com.au/erebus-signs-coca-cola-as-naming-rights-sponsor/|title=Erebus signs Coca-Cola as naming rights sponsor|work=V8 Sleuth|date=19 December 2022|access-date=14 July 2023}}
On 23 February 2024, Philippine-based Aboitiz Equity Ventures Inc. (AEV) announced that it has jointly acquired Coca-Cola Beverages Philippines Inc. together with Coca-Cola Europacific Partners (CCEP) for $1.8 billion on a debt-free, cash-free basis. CCEP will hold a 60% stake, while Aboitiz Equity Ventures will take up the remaining 40% stake.{{cite web|url=https://www.gmanetwork.com/news/money/companies/898443/aboitiz-ccep-complete-1-8-billion-coca-cola-beverages-ph-acquisition/story/|title=Aboitiz, CCEP complete $1.8 billion Coca-Cola Beverages PH acquisition|first=Ted|last=Cordero|work=GMA News|date=February 23, 2024|access-date=February 23, 2024}}{{cite news|url=https://business.inquirer.net/432941/aboitiz-buys-40-of-coca-cola-ph|title=Aboitiz buys 40% of Coca-Cola PH|first=Miguel|last=Camus|newspaper=Philippine Daily Inquirer|date=February 23, 2024|access-date=February 23, 2024}}
See also
References
{{Reflist|30em}}
External links
{{official website|https://www.cocacolaep.com}}
{{Coca-Cola brands}}
{{Varieties of Coca-Cola}}
{{Nasdaq-100}}
{{FTSE 100 Index constituents}}
{{Authority control|state=expanded}}
{{DEFAULTSORT:Coca-Cola Company, The}}
Category:Food and drink companies established in 2016
Category:2016 establishments in Europe
Category:Companies in the FTSE 100 Index
Category:Companies listed on the London Stock Exchange
Category:Companies listed on the Nasdaq
Category:Drink companies of the United Kingdom
Category:Companies based in the London Borough of Hillingdon