Coca-Cola - M&A Summary and Business Overview

BeveragesCompany

Coca-Cola M&A Summary

Coca-Cola has acquired 21 companies, including 1 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 10 assets.

Coca-Cola’s largest acquisition to date was in 2018, when it acquired Costa Limited for $6.0B. It’s largest disclosed sale occurred in 2015, when it sold Keurig Green Mountain to JAB Holding Company for $13.9B. Coca-Cola has acquired in 6 different US states, and 7 countries. The Company’s most targeted sectors include beverages (95%) and media (6%).

Coca-Cola Business Overview

Where is Coca-Cola headquartered?

Coca-Cola is headquartered in Atlanta, Georgia.

What is Coca-Cola’s revenue?

Coca-Cola disclosed revenue of 45,754M USD for 2023 and 43,004M USD for 2022.

How many employees does Coca-Cola have?

Coca-Cola has 79,100 employees.

What sector is Coca-Cola in?

Coca-Cola is a beverages company.

When was Coca-Cola founded?

Coca-Cola was founded in 1886.

M&A Summary

  • M&A Total Activity29
    • M&A Buy Activity19
    • M&A Sell Activity10
  • Total Sectors Invested 2
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 20
  • M&A Advisors 2

Coca-Cola

The Coca-Cola Co.

One Coca-Cola Plaza,
Atlanta, Georgia 30313
United States,
(404) 676-2121
www.coca-colacompany.com

Coca-Cola is a global brand and producer of beverages. The Company's brands include Coca-Cola, Diet Coke, Coca-Cola Light, Coca-Cola Zero, Sprite, Fanta, Minute Maid, Powerade, Aquarius, Dasani, Vitaminwater, Georgia, Simply, Minute Maid Pulpy, Del Valle, Ayataka, Bonaqua/Bonaqa, and Schweppes. Coca-Cola dates back to 1886 and is based in Atlanta, Georgia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 18 - 1 - - - 19
vol $12.3B $5.6B $17.9B
Sell (0.6/yr) # 7 - 3 - - - 10
vol $15.6B $15.6B
  29

Most Recent M&A

Company Date Value Type
BA Sports Nutrition LLC 2021-11-01 5.6B USD Add-on Acquisition
Beverly Hills, California · www.drinkbodyarmor.com
Odwalla, Inc. 2021-09-14 - Divestiture
Dinuba, California · www.odwalla.com
The Coca-Cola - Three Production Locations 2021-08-04 - Divestiture
Atlanta, Georgia
Suja Life LLC 2021-07-13 - Secondary Sale
Oceanside, California · www.sujaorganic.com
Costa Limited 2018-08-31 6.0B GBP Divestiture
Dunstable, United Kingdom · www.costa.co.uk
Coca-Cola Canada Bottling Ltd. 2018-03-09 - Divestiture
Toronto, Ontario · www.cokecanada.com
Unilever NV - AdeS Soy Beverage Business 2016-06-01 575M USD Divestiture
, Brazil
Chi Limited 2016-01-30 - Stake Purchase
Lagos, Nigeria · www.clicktgi.net
Keurig Green Mountain, Inc. 2015-12-07 13.9B USD Stake Sale
Waterbury, Vermont · www.keuriggreenmountain.com
Suja Life LLC 2015-08-18 - Stake Purchase
Oceanside, California · www.sujaorganic.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Beverages 18 (95%) 17.2B (96%) 8 (80%) 15.6B (100%)
Media 1 (5%) 750M (4%) 1 (10%) -
Distribution - - 1 (10%) -
Total 19 $17.9B 10 $15.6B

By Geo

State/Country Buy Value Sell Value
United States 12 10.6B 5 13.9B
  California 7 6.5B 3 -
  Vermont 1 - 1 13.9B
  Texas 1 - - -
  New York 1 4.1B - -
  New Jersey 1 - - -
  Georgia - - 1 -
Brazil 1 575M 1 364M
China 2 401M - -
Russia 1 276M 1 -
Canada - - 1 -
  Ontario - - 1 -
Germany - - 1 -
India 1 60M - -
Nigeria 1 - - -
Philippines - - 1 1.4B
United Kingdom 1 6.0B - -
Domestic 12 (63%) 10.6B (59%) 5 (50%) 13.9B (89%)
Cross-border 7 (37%) 7.3B (41%) 5 (50%) 1.7B (11%)
Total 19 $17.9B 10 $15.6B

Top M&A Advisors

Financial Deals
Rothschild Global Advisory
1
Legal Deals
Clifford Chance
1

Deal Values

buy # Total
> $1B 3 $15.7B
$100M to $1B 5 $2.2B
< $100M 1 $60M
TOTAL $17.9B
Largest Costa Limited
$6.0B (2018-08-31)
sell # Total
> $1B 2 $15.3B
$100M to $1B 1 $364M
TOTAL $15.6B
Largest Keurig Green Mountain, Inc.
$13.9B (2015-12-07)

M&A Connections

Deals
Acquired from
Investor(s)
26%
5 (26%)
Strategic(s)
21%
4 (21%)
Divested to
Investor(s)
30%
3 (30%)
Strategic(s)
50%
5 (50%)

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