Coca-Cola Beverages Africa (CCBA) has acquired a stake in the soft drinks section of the Maluti Mountain Breweries (MMB) through a new entity called Coca-Cola Beverages Lesotho (CCBL).
The new entity, co-owned by CCBA and the
According to CCBA statement yesterday, CCBL began operations on
CCBA bottles and distributes beverages whose trademarks are owned by
"CCBA has announced that after some re-organisation, it has acquired MMB's interest in the soft drinks business, which is now the newly formed entity called CCBL," CCBA said in a statement yesterday.
"The entity will commence distributing Coca-Cola products from
Tsepo Maketela, the CCBL country manager said every effort will be made to minimise any disruptions to customers.
"We are committed to growing the soft drinks industry and the business in
"
CCBA's African footprint encompasses
"Access to shared best practices will enhance efficiencies and a better distribution capability will provide pervasive availability of cold beverages to end-customers. We will also be able to respond to consumer demand more quickly.
"Expanding our African footprint brings huge benefits to local consumers and businesses. By leveraging scale, we can do more for our customers and drive our sustainability goals. The creation of CCBL is another milestone in that strategy," Mr Maketela said.
CCBA accounts for about 40 percent of all Coca-Cola volumes sold in
CCBA began its operations as a legal entity in
CCBA boasts a diverse pan-African footprint servicing over 650 000 outlets that serve a combined population of over 300 million people across the continent.
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