With this acquisition, the business of Zambrew has been transferred to Kalundu Beverages Limited, trading as Coca-Cola Beverages Zambia.
Coca-Cola Beverages Africa, Managing Director for Southern Africa region, Norton Kingwill, said the acquisition aim remains to drive long-term sustainable growth, leverage our scale and build capabilities to accelerate sustainable growth.
Mr. Kingwill, added that the acquisition by CCBA adds two more plants to its footprint on the continent – one in Ndola and one in the capital, Lusaka.
He indicated that there will be no retrenchments as each employee will receive an offer of employment which will provide substantially similar terms and conditions of employment to what they currently receive.
Coca-Cola Beverages Africa (CCBA) is the 8thlargest Coca-Cola bottling partner worldwide by revenue and the biggest on the African continent, accounting for about 40% of all Coca-Cola volumes sold in Africa.
CCBA shareholders now are: The Coca-Cola Company 65.5% and Gutsche Family Investments 34.5%.