By BUSINESS REPORTER
COCA-COLA Beverages Africa Proprietary Limited (CCBA) has acquired the Coca-Cola soft drinks business of Zambian Breweries Plc (Zambrew).
With this acquisition, Zambrew’s non-alcoholic ready-to-drink business has been transferred to Kalundu Beverages Limited, trading as Coca-Cola Beverages Zambia (CCBZ).
This is according to a joint statement issued by Coca-Cola Beverages Zambia and Coca-Cola Beverages Africa yesterday. CCBZ is a fully owned subsidiary of CCBA via Coca-Cola Sabco East Africa Limited (CCSEA).
This acquisition by CCBA adds two more plants to its footprint on the continent – one in Ndola and one in Lusaka.
CCBA bottles and distributes beverages whose trademarks are owned by The Coca-Cola Company (TCCC) or affiliated entities.
CCBA now has over 16 000 employees across its operations in Africa with more than 30 bottling plants in 12 countries. Chief executive officer, Jacques Vermeulen said CCBA would ensure a long-term growth opportunity for non-alcoholic beverages in Zambia.
“The acquisition makes perfect sense both for us and for consumers in Zambia. We see a compelling long-term growth opportunity for non-alcoholic ready-to-drink beverages in Zambia.
“This acquisition of Zambrew’s soft drinks operation will allow us to share best practices and improve our service for both the formal and informal markets and at the same time, accelerate innovation. It will also allow us to achieve enhanced efficiencies,” Mr Vermeulen said.
The creation of CCBA in 2016 was designed to advance a more successful Coca-Cola system on the continent.
CCBA Southern Africa region managing director Norton Kingwill said his organisation would build capabilities and sustain growth.
“CCBA’s aim remains to drive long-term sustainable growth, leverage our scale and build capabilities to accelerate sustainable growth. We believe this acquisition aligns very well with that ambition,” he said.