REYES HOLDINGS CLOSES ON TRANSACTION WITH THE COCA-COLA COMPANY FOR THE GRANTING OF NEW DISTRIBUTION TERRITORY
Newly established Great Lakes Coca-Cola Distribution to service Chicago area and Northwest Indiana with full Coca-Cola portfolio
ROSEMONT, June 1, 2015 – Reyes Holdings, L.L.C. announced today that is has closed on a previously disclosed agreement with The Coca-Cola Company for the granting of new distribution territory. Great Lakes Coca-Cola Distribution, L.L.C., a wholly-owned subsidiary of Reyes Holdings, has officially been granted and formally transitioned territories in the greater Chicago area and Northwest Indiana.
Great Lakes Coca-Cola, a dedicated Coca-Cola distributor, distributes The Coca-Cola Company’s brands throughout greater Chicago and Northwest Indiana. These brands include Coca-Cola, Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Dasani, POWERADE, and FUZE TEA. Great Lakes also distributes Monster, Peace Tea, Zico and Core Power products.
Great Lakes now forms a new line of business for Reyes Holdings, one of the largest global providers of food and beverage distribution services. Reyes Holdings’ operations span North, Central and South America, as well as Europe, the Middle East and Asia Pacific. Annually, the company delivers more than 800 million cases of high-quality, well-known beer and food products. Great Lakes will dedicate all of its sales and distribution activities to servicing Coca- Cola brands.
“Today marks a major milestone for Reyes Holdings, uniting our logistics competence with the world’s most iconic and refreshing brand,” said J. Christopher Reyes, Founder and Co- Chairman of Reyes Holdings.
“As we have said, the Coca-Cola System should be a reflection of the communities where we operate and the consumers and customers that we serve,” said Sandy Douglas, President,
Coca-Cola North America. “The announcement today with Great Lakes Coca-Cola Distribution, L.L.C. is further evidence of that commitment. As we continue to align our U.S. operations with highly capable partners in order to move our refranchising efforts forward, both bottlers will be instrumental as we implement a more agile, modern, customer-focused beverage partnership model.”
“As a new member of the Coca-Cola family, we look forward to continuing the company’s commitment to the communities, consumers and customers in the area,” said M. Jude Reyes, Founder and Co-Chairman of Reyes Holdings. “We are dedicated to being the best distributor we can be while contributing back to the communities in which we operate.”
- Posted in: Press Releases
- June 01, 2015