- Business
- Coca-Cola Europacific Partners PLC (CCEP) is the world's largest independent Coca-Cola bottler by net revenue, engaged in the production, distribution and marketing of non-alcoholic ready-to-drink beverages across Europe, Australia, Pacific islands, Indonesia, Papua New Guinea and the Philippines. The company offers a diverse portfolio of trademark beverages including Coca-Cola Original Taste, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Sprite Zero Sugar, Monster Energy, Powerade, Aquarius, Schweppes mixers, Glaceau enhanced water, Nestea iced tea, Appletiser sparkling juice, Ades plant-based drinks, still waters, juices, isotonic sports drinks, coffees and alcohol ready-to-drink products; it serves over 600 million consumers through 4 million customers in 31 markets with annual sales exceeding 3.9 billion unit cases and generates approximately €20 billion in revenue. CCEP operates production facilities in key regions such as 18 in the Philippines, 11 in Indonesia and Papua New Guinea, multiple sites across Europe including Germany, Great Britain, Iberia (Spain, Portugal, Andorra), France, Belgium, Luxembourg, Netherlands, Norway, Sweden and Iceland, plus Australia and New Zealand; it employs around 41,000 people and maintains over 90% local sourcing for production resources. Formed in 2016 through the merger of Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke and renamed from Coca-Cola European Partners in 2021 following the acquisition of Coca-Cola Amatil, CCEP is headquartered in Uxbridge, UK, and listed on the Nasdaq (CCEP) and Euronext Amsterdam (CCEP.AS). Recent developments include the February 2024 completion of the joint acquisition of Coca-Cola Beverages Philippines Inc. with Aboitiz Equity Ventures to expand its Asia-Pacific footprint and rename the segment Australia, Pacific and South East Asia; ongoing construction of its largest Philippine production plant; an €18.3 billion revenue increase of 8.5% reported in early 2024; and a €1 billion share buyback program alongside continued portfolio innovation in low/zero sugar options, coffee and alcohol ready-to-drink categories.