DRAPER, Utah -- Swire Coca-Cola USA has completed its refranchising from the Coca-Cola Co. of territories in Washington, including the acquisition of nine sales and distribution facilities and one production plant in the state. Swire Coca-Cola’s operation of the territories commenced Feb. 25.
The agreement builds on Swire Coca-Cola’s growing footprint in the United States. The Draper, Utah-based company now operates in 13 western states. Prior to this purchase, Swire Coca-Cola had smaller territories in Washington. This deal increases Swire Coca-Cola’s workforce by more than 1,000 employees.
“As a native of Washington, I am proud to see our company expand in my home state,” said Jack Pelo, president and CEO, Swire Coca-Cola USA. “We are eager to bring Swire’s commitment to excellence to our new customers and communities. This investment means we will continue to grow our employee base and our presence across Washington.”
Atlanta-based Coca-Cola Co. announced in 2014 plans to refranchise the majority of company-owned North American bottling territories by the end of 2017, allowing the company to refocus on its core business model of building beverage brands and leading a global system of local bottling partners.