US-based Coca-Cola Enterprises has created a new entity, Coca-Cola European Partners, after merging with Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke.
The new entity will be the world's largest independent Coca-Cola bottler in terms of net sales, and serve more than 300 million consumers across Western Europe.
Coca-Cola European Partners recorded pro forma 2015 net sales of around €11bn, and pro forma 2015 earnings before interest, taxes, depreciation and amortisation (EBITDA) of nearly €1bn.
Coca-Cola European Partners board chairman Sol Daurella said: "With a collective heritage in Europe of over 100 years, the three businesses, united under one of the most recognisable brands in the world, are poised to become the leading bottler in the Coca-Cola system.
"Our ambition is simple: to create a winning future together with The Coca-Cola Company.
"Coca-Cola European Partners will continue to make the drinks that millions of people love, while offering them more choice than ever before."
The company is involved in the production, distribution and marketing of a variety of non-alcoholic, ready-to-drink beverages.
Coca-Cola European Partners CEO John Brock said: "This is a very exciting time for Coca-Cola European Partners, as Europe continues to represent an outstanding platform for long-term, profitable growth.
"Coca-Cola European Partners has the portfolio, the customer relationships, and the innovation, flexibility, scale, and speed needed to capture this opportunity. In addition, our people are among the best in the business and understand what it takes to win in Europe.
"All of this as we grow together with our customers, employees, and local communities, is in support of our ultimate goal: delivering increasing levels of share-owner value."
Image: Coca-Cola European Partners will be the world's largest independent Coca-Cola bottler in terms of net sales. Photo: courtesy of Coca-Cola European Partners.