Equatorial Coca-Cola Bottling Company (ECCBC) and Coca-Cola Beverages Africa (CCBA) have reached an agreement for ECCBC to acquire Voltic (GH) Limited (Voltic) and West African Refreshments Limited (WARL).
Voltic is a subsidiary of CCBA and WARL is a subsidiary of CCBA and of The Coca-Cola Company (TCCC).
The transaction will strengthen ECCBC’s position as a leading authorized bottler in the Coca-Cola system in Africa and will enable ECCBC to manage its expanded operations through an integrated beverage platform, enhancing its ability to serve the Ghanaian market more effectively and efficiently while delivering value to key stakeholders, including consumers, customers and suppliers.
As the authorized Coca-Cola bottler in 13 countries in North and West Africa, ECCBC has over 30 years of proud history, expertise and success on the continent. The company remains deeply committed to investing in local communities, producing and distributing locally and supporting economic growth.
ECCBC will be responsible for the preparation, packaging, distribution and sales of beverages under Coca-Cola’s trademarks in Ghana, including Coca-Cola, Fanta, Sprite and Voltic.
CCBA, together with its subsidiaries (the CCBA Group), is the eighth largest Coca-Cola authorized bottler in the world by revenue, and accounts for over 40% of the volume of beverages bearing Coca-Cola brands sold in Africa.
The group operates in 15 countries, including its six key markets of South Africa, Kenya, Ethiopia, Uganda, Mozambique and Namibia. CCBA is focused on accelerating growth across its footprint, as well as making a positive impact on people’s lives and the communities it calls home.
Alfonso Bosch, CEO of ECCBC Group, stated: “As a company with a strong presence in Africa, we are deeply committed to the continent’s growth. We are thrilled to announce the acquisition of Voltic, a leading water business in the region, and WARL. This acquisition presents significant opportunities to enhance our service offerings and deliver a positive impact to our stakeholders. We are dedicated to building on Voltic’s legacy of excellence and innovation.”
Sunil Gupta, CEO of CCBA congratulated ECCBC on the acquisition and said: “This transaction allows CCBA to focus our attention on our core markets in Southern and East Africa and prioritize resources for sustainable growth opportunities on the continent.”
