Coca-Cola Consolidated, the largest Coca-Cola bottler in the US, is investing $55 million to build a new distribution and warehouse facility in Whitestown, Indiana.
With its new 400,000 square-foot facility, Coca Cola Consolidated said it plans to expand its distribution capabilities and continue to drive growth in Indiana.
The new facility will reportedly create 450 positions, with some workers transferring from an Indianapolis plant.
Local news reports have claimed that some operations currently performed in the Indianapolis plant will be partially relocated to the Whitestown facility including distribution, sales, equipment services and warehouse functions.
However, the company said the Indianapolis bottling plant will remain open and manufacturing operations will continue.
In 2017, Coca-Cola Consolidated acquired additional distribution territories and manufacturing facilities in parts of Arkansas, Tennessee and South Carolina from The Coca-Cola Company.
Since the deal, Coca-Cola Consolidated has invested $15 million into the Indianapolis plant however it now needs a separate facility to keep up with demand.
Construction of the new facility will begin this month and is expected to be completed in the spring of 2021.
By: Emma Upshallon
Source: Food Bev Media
After eight years with Nestlé, François-Xavier Roger, executive vice president and chief financial officer (CFO), has decided to leave the company to pursue new professional challenges, making way for finance boss Anna Manz. Meanwhile, Unilever announced that Graeme Pitkethly, CFO, will retire by the end of May 2024, and the hunt is on for his successor.
International spirits company Bacardi Limited has announced the appointment of Alicia Enciso to its board of directors. Enciso joins with more than 30 years of experience with multinational Fortune 100 Companies in the food and beverage sector with roles as general manager, president, chief marketing officer and e-business officer.
According to Innova Market Insights, when it comes to beverages, consumers are willing to pay more for what they value most, despite rising inflation. Additionally, consumers want brands that respond to their core values and have the benefits they seek, such as sustainability and functional ingredients.
