Tampa-based Coca-Cola Beverages Florida recently inked an agreement to pick up production plants from The Coca-Cola Co. in Hollywood, Jacksonville, Orlando, and Tampa, allowing the firm to fulfill Floridians’ beverage preferences at a local level.
“We are very excited about the opportunity to deepen our roots in the Sunshine State by adding production capabilities to our operations," Troy Taylor, chairman and CEO, said. "These acquisitions will enable us to not only own, but to optimize the process of refreshing Floridians, from production to a cold beverage in hand.”
The decision follows a similar move executed by the company for northern and southern areas of the state, for which Coca-Cola Florida also recently signed letters of intent (LOI) to acquire sales and distribution operations. With the new manufacturing resources, Coca-Cola Florida expects to fulfill consumers’ desires for quality products and customer service more efficiently.
"It is an honor for us to have the opportunity to expand our franchise territory and operations so quickly,” Taylor said. “These expansions reflect our passion for the Coke brands, partnership with our customers and communities, and commitment to performance.”
Closing is anticipated for North Florida plants in 2016 and South Florida’s is planned for 2017, subject to final agreement details.