Africa’s largest Coca-Cola bottler, Coca-Cola Beverages Africa Proprietary Limited (CCBA), has acquired the bottling business of Kisumu based Equator Bottlers, the third largest in Kenya.
The South Africa-based bottling company said yesterday the transaction had been approved by the Competition Authority of Kenya.
It did not however disclose the financial terms of the deal. CCBA bottles and distributes trademarked beverages owned by American drinks giant the Coca-Cola Company. It is Africa’s largest Coca-Cola bottler and the world’s tenth largest.
Equator Bottlers Limited now becomes a wholly owned unit of CCBA (via wholly owned subsidiary Coca-Cola Sabco East Africa Limited (CCSEAL)), with effect from July 1 this year.
“The acquisition makes perfect sense both for us and for consumers in Kenya,” said CCBA’s managing director for the international division, Jacques Vermeulen in a statement.
“We see a compelling long-term growth opportunity for non-alcoholic ready-to-drink (NARTD) beverages in Kenya and we believe that this is a more efficient model that supports the growth potential.”