Coca-Cola Bottling To Purchase Manufacturing Facilities - Quick Facts

(RTTNews) - Coca-Cola Bottling Co. Consolidated (COKE) announced it has signed a non-binding letter of intent with The Coca-Cola Company to purchase manufacturing facilities in Virginia, Maryland, Indiana and Ohio, currently owned and operated by Coca-Cola Refreshments. The transactions are subject to the parties reaching a definitive agreement, with a series of transaction closings for these facilities expected to begin in the first half of 2016.

Coca-Cola Bottling Co. also announced that it has signed a definitive agreement with an affiliate of The Coca-Cola Company to expand the bottler's franchise distribution territory to include territories located within Delaware, the District of Columbia, Maryland, North Carolina, Pennsylvania, Virginia and West Virginia. Coca-Cola Refreshments currently serves these territories.

Coca-Cola Bottling said it is continuing to work towards a definitive agreement with The Coca-Cola Company for the remainder of the proposed franchise territory expansion described in the May 2015 Letter of Intent, including distribution territories in parts of Ohio, Indiana, Illinois and Kentucky.