Coca-Cola Japan Company Acquires 34% Interest in Tokyo Coca-Cola Bottling Company.Company and Bottler Celebrate 50(th) Anniversary TOKYO -- The Coca-Cola Coca-Cola soft drink found throughout the world. [Trademarks:Crowley Trade, 115] See : Ubiquity Japan Company (the "Company") and Tokyo 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. , Limited (the "Bottler") today announced that they have reached a definitive agreement under which the Company will acquire a 34% ownership stake in the Bottler through the purchase of newly-issued shares. On June June: see month. 25, the Company celebrated its 50th anniversary. The Bottler, meanwhile, the first Coca-Cola bottling partner in Japan, is also commemorating com·mem·o·rate tr.v. com·mem·o·rat·ed, com·mem·o·rat·ing, com·mem·o·rates 1. To honor the memory of with a ceremony. See Synonyms at observe. 2. To serve as a memorial to. 50 years in business this year. Over the past 50 years, both companies played leading roles in the Coca-Cola system in Japan, and both exerted great efforts toward the development of the Coca-Cola business in Japan. This transaction reflects the commitment of both companies to effectively build a mutually strong, close relationship between them in both word and deed deed, in law, written document that is signed and delivered by which one person conveys land or other realty (see property) to another. A deed may assure the extent of the conveying party's ownership or, if the party is uncertain of the precise extent, he issues a in order to realize and further the sustainable growth of the Coca-Cola system in the Japanese Japanese (jăp'ənēz`), language of uncertain origin that is spoken by more than 125 million people, most of whom live in Japan. There are also many speakers of Japanese in the Ryukyu Islands, Korea, Taiwan, parts of the United States, and market over the next 50 years and beyond. Under the terms of the agreement, the Company will work with the Bottler to identify a new president and appoint one third of the Board. Representative Director and President of the Bottler, Keiji Takanashi, will continue in management as chairman and ceo and representative director, whereby supporting the new management team. As strategic partners, both companies will collaborate in tackling new initiatives in the Tokyo market as they head toward the future, and will strive towards realizing synergies for the Coca-Cola system in order to achieve sustainable growth at a level higher than at present. [Overview of the Company and the Bottler] [TABLE OMITTED] |
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