The Coca-Cola Co., Inc. has acquired Sacramento Coca-Cola Bottling Company (SCCBC), the sixth largest independent Coke bottler in the U.S. SCCBC was founded in 1927 and distributes Coke products in all or part of the nine California Counties of Sacramento. The company employs over 460 people.
“We are proud of our 85-year legacy of service to the community and have come to the decision that the time is right to transition the business to The Coca-Cola Company,” said Rob Siebers, President and CEO, Sacramento Coca-Cola Bottling Company. “We believe this is the right action to ensure the continued success of Coca-Cola in Northern California.”
While the purchase price was not disclosed, in a statement, SCCBC noted that the sale was approximately nine times earnings before interest, taxes, depreciation and amortization (EBITDA).
Coke has been streamlining operations over the past three years, and this most recent deal comes 14 months after the cola giant acquired Great Plains Coca-Cola Bottling Co., which, at the time, was the fifth-largest independent Coca-Cola bottler in the United States, for $360 million. Coke also acquired Coca-Cola Enterprises Inc., its largest bottler in North America, for $12.3 billion in 2010.
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