The Coca-Cola Company (KO) announced continued progress in refranchising its North American bottling operations, with expanded territories for three bottlers and the addition of a new, independent bottler.
The Coca-Cola system's newest bottler is led by Ulysses "Junior" Bridgeman, founder of a Louisville, Ky., company named Manna Inc. Bridgeman will acquire territory from The Coca-Cola Company in Missouri, Illinois, Kansas and Nebraska, including the cities of St. Louis and Kansas City.
The company previously announced that it will refranchise all North American territories by the end of 2017.
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