Coca-Cola Bottling Company of Northern New England closes on major acquisitionBy KIMBERLY HOUGHTON
Union Leader Correspondent
October 05. 2017 11:53PM
BEDFORD — Coca-Cola Bottling Co. of Northern New England has acquired new bottling territory that tripled its workforce and will significantly expand the number of cases it sells annually, the company announced this week.
Based in Bedford, CCNNE recently closed on a deal to acquire territory from the Coca-Cola Co. across eight states in the Northeast.
“I think this is a pretty special opportunity,” said Nick Martin, director of public affairs for CCNNE. “This is a tremendous business opportunity for us. It is a great win for a hometown company.”
With the acquisition, the company’s workforce is growing from 1,380 employees to nearly 4,000. In addition, the company that sells about 27 million cases of beverages each year is now expected to sell about 82 million cases annually, according to Martin.
CCNNE has more than 550 employees in New Hampshire, and is headquartered at 1 Executive Park Drive in Bedford. It recently opened additional office space down the street from its headquarters to help support the growing corporate functions resulting from the expansion, Martin said.
The deal allows CCNNE to expand and serve all New England states and most of New York, he said, adding CCNNE is celebrating its largest expansion in history during the same year it celebrates its 40th anniversary as a Coca-Cola bottler.
The financial terms of the acquisition were not released.
In addition to its Londonderry facility, CCNNE has manufacturing facilities in East Hartford, Conn., and Needham Heights, Mass.
The Londonderry production center is a zero-waste bottling plant, which CCNNE is very proud to promote, said Martin, explaining the acquisition provides an opportunity to build on that investment.
According to a release, the deal represents a significant expansion as CCNNE will now own and manage operations in several large metropolitan areas, including Boston, Providence, Hartford, Buffalo, Rochester, Syracuse and Albany, N.Y.
The acquisition also includes two additional manufacturing plants and 19 distribution centers that were formerly part of Coca-Cola Refreshments, a subsidiary of The Coca-Cola Co.
“Being part of the iconic Coca-Cola brand has always been tremendously gratifying and humbling for us as a local bottler, and we couldn’t be more excited to embark on this next chapter of our history,” Mark Francoeur, president of CCNNE, said in a statement.
J. Alexander “Sandy” Douglas Jr., president of Coca-Cola North America, said in a release that CCNNE has built an impressive reputation as a bottling partner in New England and New York.
He said the acquisition and expansion will help deepen their community ties in the region, adding he is pleased with the progress being made in refranchising, as well as the significant investment that the acquisition represents for the future of the Coca-Cola system.
CCNNE is a wholly-owned subsidiary of Japan’s Kirin Holdings Co. It bottles and sells products owned by the Coca-Cola Co., Dr. Pepper Snapple Group, Monster Energy Corp., fairlife and the Moxie Beverage Co.