Coca-Cola Consolidated facts for kids
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Formerly
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Coca-Cola Bottling Co. Consolidated |
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| Public | |
| Traded as |
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| Industry | Food processing |
| Founded | February 19, 1906, in North Carolina, U.S. |
| Founder | J.B. Harrison |
| Headquarters | Charlotte, North Carolina, U.S. |
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Area served
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U.S. |
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Key people
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J. Frank Harrison, III (chairman & CEO) |
| Products | Beverages |
| Brands | |
| Revenue |  US$6.90 billion (2024) |
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Operating income
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US$920 million (2024) |
| US$633 million (2024) |
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| Total assets | US$5.31 billion (2024) |
| Total equity |  US$1.42 billion (2024) |
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Number of employees
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17,000 (2024) |
Coca-Cola Consolidated, Inc. is a big company that bottles (puts into bottles and cans) Coca-Cola drinks. It's the largest independent bottler of Coca-Cola products in the United States. Its main office is in Charlotte, North Carolina.
This company makes, sells, and delivers Coca-Cola drinks and many other beverages. They reach about 65 million people across 14 states in the U.S. They have 13 factories where drinks are made and 80 places for storing and sending out products. Their main offices are in Charlotte, North Carolina.
Contents
How the Company Started
The story of Coca-Cola Consolidated began in 1902. It was started by J. B. Harrison, whose great-grandson is now the chairman. In 1973, this company joined with other bottlers to become Coca-Cola Bottling Co. Consolidated.
The company officially became a corporation in 1980. Over the years, it grew by buying other bottling companies. For example, it bought Wometco in 1985 and Sunbelt Coca-Cola in 1991.
Company Finances
As of January 1, 2017, The Coca-Cola Company owns about 35% of Coca-Cola Consolidated's common stock. This means they own a part of the company. However, this only gives them about 5% of the total voting power.
J. Frank Harrison III is the Chairman and CEO of Coca-Cola Consolidated. He owns shares that give him about 86% of the company's total voting power. This means he has a very strong say in how the company is run.
Tax Benefits for Growth
In June 2018, the governor of Kentucky, Matt Bevin, announced a plan to give Coca-Cola Consolidated $3.5 million in tax benefits. These benefits were offered to help the company expand its operations in Erlanger, Kentucky. This kind of deal helps companies grow and can create new jobs in an area.
Workers and the Company
Some of the workers at Coca-Cola Consolidated are part of a union called the Teamsters. Sometimes, unions and companies have disagreements. When this happens, workers might go on strike to ask for better pay or working conditions. Coca-Cola Consolidated has experienced some of these strike actions.
Helping the Community
Coca-Cola Consolidated is involved in many good causes in the communities where it operates. They support local events and organizations like the YMCA.
Since 2008, the company has worked with the World Wildlife Fund (WWF). Together, they promote ways to use water wisely and protect water sources. This includes reusing water to help keep rivers and lakes healthy for animals and plants.
After a big storm in October 2015 caused flooding in North America, Coca-Cola Consolidated donated bottled water to people who were affected. The company also supports public school teachers in Arkansas.
