CORINTH COCA-COLA BOTTLING WORKS REACHES DEFINITIVE AGREEMENT TO EXPAND ITS COCA-COLA BOTTLING TERRITORIES
Corinth, MS, October 20, 2014 – Corinth Coca-Cola Bottling Works, Inc. announced today that it has signed definitive agreements with The Coca-Cola Company and Coca-Cola Bottling Co. Consolidated for expanded territory rights. These agreements implement the territory changes previously announced in April of 2013,when a Letter of Intent was signed. In the transactions announced today, Corinth will be expanding its presence in West Tennessee by obtaining distribution rights and related assets in territories in the Jackson and Paris,Tennessee markets from Coca-Cola Refreshments USA, Inc., who will first receive such rights from Coca-Cola Bottling Co. Consolidated. Coca-Cola Refreshments will also transition a small number of routes from the Memphis/Little Rock Market Unit to Corinth. The parties anticipate that these territories will fully transition to Corinth Coca-Cola Bottling Works during the first half of 2015. Financial terms were not disclosed.
H. L. “Sandy” Williams, Chairman of Corinth Coca-Cola Bottling, said, “We are truly excited for the progress we have made since April, 2013 and we look forward to completing the transition of the Territories in early 2015.” Kenneth Williams, President of the bottling company, added, “We pride ourselves on growing The Coca-Cola Company’s strong brands, creating local customer relationships, and supporting the Mississippi and Tennessee communities where we live and work. We look forward to being able to bring that operating model to Jackson and the surrounding areas and building on the work that the fine Coca-Cola people in those territories have done to this point.
“Our 21st Century Beverage Partnership Model underscores the strength of our franchise System and independent bottlers are critical to our success,” said Sandy Douglas, President, Coca-Cola North America.” Together with Corinth, we continue to transform our U.S. business and move closer to achieving our 2020 Vision.
“In April 2013, The Coca-Cola Company announced that it had signed Letters of Intent with five U.S. bottlers which committed to creating a stronger U.S. business model through the granting of new, expanded territories.The five bottlers are Coca-Cola Bottling Co. Consolidated, Coca-Cola Bottling Company United Inc., Swire Coca-Cola USA, Coca-Cola Bottling Company High Country and Corinth Coca-Cola Bottling Works, Inc. The Company is very encouraged by the transitions that have taken place with each of these bottlers in 2014. Looking ahead, the Company is positioned to complete the initial transitions in 2015.
About Corinth Coca-Cola Bottling Works Inc.: Corinth Coca-Cola Bottling Works, Inc. is a privately held, family-owned Coca-Cola bottling and distribution company. Founded by Avon Kenneth Weaver and C.C. Clark in 1907 in Corinth, Miss., Weaver descendants continue to own and operate the company today. In addition to its headquarters in Corinth, Corinth Coca-Cola Bottling Works currently has locations in Lexington, Tenn., and Tupelo, Miss.
Welcome to the official website of Corinth Coca-Cola Bottling Works. Our Company serves Corinth and Tupelo, Mississippi, Lexington, Tennessee, and the surrounding communities and area. Our Company is a private company, founded in 1907. It’s still owned by the same family.
This website is not affiliated with the Coca-Cola Company in Atlanta, GA, or with any other Coca-Cola ownership.
The Corinth Coke Group sells a variety of beverages that quench the thirst of all types of consumers. From popular “Sparkling” Beverages like Coca-Cola, Diet Coke, Sprite, & Mello Yello to “Still” (or non-carbonated) Beverages like PowerAde, Dasani, & Minute Maid Juices, we have beverages to satisfy your needs!
Although our history begins with traditional soft drinks, our Company has evolved to meet consumer demands for more variety. In our early days, we sold primarily Coca-Cola in 6.5 oz returnable glass bottles. Today we sell hundreds of products in a variety of packages to better meet each consumer’s special occasion. Approximately 1/3 of our beverages are low or no-calorie.
In addition to selling the world’s most popular beverages for all types of occasions, we strive to be active in our communities. From education, to charity events, to physical fitness programs, to economic developments we endeavor for our communities to be strong and viable.
One special event we sponsor annually is the Corinth Coca-Cola Classic 10K Run. May 2, 2015 marked the 34th running of the Coca-Cola Classic 10K Race, one of the largest and best attended 10K races in the entire Mid-South. Make plans now to participate the first Saturday in May. Visit us at www.coke10k.com to find out more.
Coke 10k honors area runners who have made significant contributions to physical fitness, either by action or example, by recognizing them as GOLD STANDARD BEARERS….ordinary runners who have done extraordinary things!
Coke 10k, together with their partner, Magnolia Regional Health Center Foundation, sponsors the Kid’s Get Fit Initiative, a multifaceted exercise program for elementary students in Corinth and Alcorn County, MS. Read more at www.coke10k.com.
Thanks for visiting our website and please visit often.