Coca-Cola Africa Acquires 100% Stake in Kisumu Based Equator Bottlers
Africa’s largest Coca-Cola bottler – Coca-Cola Beverages Africa (CCBA) has announced the acquisition of the entire 100 per cent stake in Equator Bottlers Ltd, a franchise bottler for Coca Cola Company based in Kisumu-Kenya.
“CCBA through its subsidiary has entered into a share purchase agreement with the company’s shareholders for the purchase of all shares in the company. The proposed transaction will not be completed until various conditions in the agreement are satisfied, including approvals from the regulators.” read a memo sent to the bottler’s staff from the CEO Enrique Huguetto.
Equator Bottler’s business involves bottling, distribution and marketing of Coca-Cola’s range of soft drinks in seven counties in Kenya – Kakamega, Busia, Siaya, Vihiga, Bomet, Kericho and Kisumu and serves more than 6.5 million consumers with its 20,000 outlets.
Coca Cola Beverages Africa (CCBA) was formed less than two years ago through the combination of African non-alcoholic ready-to-drink bottling interests of SABMiller plc, The Coca-Cola Company, and Gutsche Family Investments. CCBA currently produces and distributes about 40% of all Coca-Cola beverage volumes in Africa and is the 10th largest Coca-Cola bottler worldwide.
In Kenya, Coca-Cola recently acquired Keringet water, a product of Crown Beverages, a subsidiary of South African beer maker SABMiller.