COCA-COLA ENTERPRISES INC. ANNOUNCES COMPLETION OF COKE WEST ACQUISITION.ATLANTA--(BUSINESS WIRE)--Aug. 12, 1996--Coca-Cola Enterprises Inc. today announced that the Company has completed the acquisition of Coca-Cola Bottling Company A bottling company is a commercial enterprise whose output is the bottling of beverages for distribution. Many bottling companies are franchisees of corporations such as Coca-Cola and PepsiCo who distribute the beverage in a specific geographic region. West, Inc. and a related company, Grand Forks Grand Forks, city (1990 pop. 49,425), seat of Grand Forks co., E N.Dak., at the confluence of the Red and the Red Lake rivers; inc. 1881. In a spring wheat, livestock, and farm area, the city has grain elevators, state-operated flour mills, and plants that process Coca-Cola Bottling Co. (collectively Coke West). The acquisition was completed for a transaction value (purchase price and acquired debt) of $158 million with the purchase price financed through the issuance of debt. Coca-Cola Enterprises acquired the outstanding shares of Coke West, as well as the convertible debt and warrants held by The Coca-Cola Company. Coke West operates in parts of Montana, Wyoming, North Dakota, South Dakota, and Minnesota. In 1995, Coke West generated proforma 1995 net operating revenues of $112 million on case sales of 23 million unit cases. Coca-Cola Enterprises Inc. (NYSE NYSE See: New York Stock Exchange : CCE CCE Cornell Cooperative Extension CCE Corporate and Continuing Education CCE Coca-Cola Enterprises Inc. CCE Commission de Coopération Environnementale CCE Centre for Continuing Education CCE College of Continuing Education CCE Certified Computer Examiner ) is the world's largest bottler of liquid nonalcoholic non·al·co·hol·ic adj. A beverage usually containing less than 0.5 percent alcohol by volume. refreshment, distributing approximately 57 percent of The Coca-Cola Company's United States bottle and can volume. Coca-Cola Enterprises is also the sole licensed bottler for products of The Coca-Cola Company in the Netherlands, Belgium, and most of France. Coca-Cola Enterprises currently has pending transactions to acquire Nora Beverages Inc. and Coca-Cola & Schweppes Beverages Limited (bottler operations in Great Britain). CONTACT: Coca-Cola Enterprises Inc., Atlanta Margaret Carton - Investor Relations Investor relations The process by which the corporation communicates with its investors. (770) 989-3622 or Laura Asman - Media Relations (770) 989-3023 |
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