Coca-Cola Bottling Co. Consolidated

Coca-Cola Bottling Company Consolidated

Type	Public (NASDAQ: COKE)
Industry	beverage
Founded	Greensboro, North Carolina (1902)
Headquarters	Charlotte, North Carolina, U.S.
Key people	J. Frank Harrison III (Chairman of the Board and CEO)
Products	non-alcoholic beverages
Revenue	$1.43 billion USD (2007)
Net income	$19.86 million USD (2007)
Number of employees	6800 (February 1, 2008)
Website	www.cokeconsolidated.com
Footnotes / references Source: 2007 Annual Report[1]

Coca-Cola Bottling Company Consolidated, headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States. It produces, markets, and distributes nonalcoholic beverages–primarily licensed products of the Coca-Cola Company–in North Carolina, South Carolina, and West Virginia, and portions of Alabama, Mississippi, Tennessee, Kentucky, Virginia, Pennsylvania, Georgia, and Florida.^[1]

Corporate history

In 1902, the company that later became Coca-Cola Bottling Company Consolidated was founded by the current chairman's great-grandfather, J. B. Harrison.^[2] That company was merged with other bottlers to form Coca-Cola Bottling Co. Consolidated in 1973.^[2] The company was incorporated in 1980,^[1] acquired Wometco in 1985,^[2] and acquired Sunbelt Coca-Cola in 1991.^[2]

Financials

While the Coca-Cola Company owns approximately 27.2% of the company's stock, the Harrison family beneficially owns shares representing about 91.8% of total shareholder voting power.^[1]

Community involvement

CCBCC sponsors local events and many community organizations, including the YMCA.^[3]

References