Coca-Cola Europacific Partners will be the name of the company that combines Coca-Cola Amatil and Coca-Cola European Partners following the completion of Amatil’s acquisition by CCEP.
CCEP will pay $7.68 billion ($9.93 AUD) for Amatil, creating the world’s largest Coca-Cola bottler with 33,000 employees and a footprint encompassing 26 countries.
The proposed acquisition of Coca-Cola Amatil was announced in October 2020 and was approved by Amatil’s shareholders on April 16. Following the completion of the acquisition in May, the new company name will come into use.
The combined bottling organization is projected to increase CCEP’s revenues 25% from $14.2 billion to almost $18 billion.
The company will continue to be listed on Euronext Amsterdam, the New York Stock Exchange, London Stock Exchange and the Spanish Stock Exchanges, and will continue to trade under the symbol CCEP.
Peter West, currently managing director of Coca-Cola Amatil Australia, will become vice president and general manager for a newly created Australia, Pacific and Indonesia business unit and will join the CCEP executive leadership team.