Hong Kong conglomerate, Swire Pacific is acquiring Coca-Cola’s bottling operations in Vietnam and Cambodia for US$1.015 billion, a move which will expand its presence in the rapidly growing Southeast Asian beverage market. This transaction will also be its first investment in the beverages market in Southeast Asia.
Swire will buy Coca-Cola Indochina through its 2 wholly owned subsidiaries, Swire Beverages Holdings and Swire Coca-Cola.
Swire Coca-Cola is the principal investment holding company for the Swire group’s soft drink businesses in mainland China and Hong Kong. It is one of the largest Coca-Cola bottlers in the world, with exclusive rights to manufacture, market and distribute Coca-Cola products in most provinces of mainland China, Hong Kong, Taiwan and part of the western US. Swire Coca-Cola currently manufactures 62 beverage brands and distributes them to a market covering 762 million consumers.