On 3 November 2020, Coca-Cola European Partners announced it has entered into binding agreements to acquire Coca-Cola Amatil Limited (CCL), one of the largest bottlers and distributors of ready-to-drink non alcoholic and alcoholic beverages and coffee in the Asia Pacific region.
“This is a fantastic opportunity to bring together two of the world’s best bottlers to drive faster and more sustainable growth. Since the creation of CCEP four years ago, we have proven our ability to create value through expansion and integration. Now is the right time to move forward by taking on these great franchises and markets.
“The strategic rationale behind this transaction is compelling, solidifying our position as the largest Coca-Cola bottler by revenue. I am eager to apply our proven formula in Western Europe to Coca-Cola Amatil’s markets, including leadership in areas such as revenue growth management, in-market execution, digital and sustainability. However, I am equally excited and genuinely convinced that there will be many more opportunities as we move forward together with speed, scale, excellent people and a richer, more diverse culture.
“This larger platform will unlock enhanced value for our shareholders, all underpinned by an even stronger and more aligned strategic partnership with The Coca-Cola Company and our other brand partners. We look forward to executing on the ambitious growth plans ahead of us, as we build on the best of who we are and create a very exciting future together.”
CEO, Coca-Cola European Partners
100 % of Coca-Cola Amatil packaging to be recyclable by 2025, including bottles, cans, plastic wrap, glass and cardboard
Australian beverages manufacturer Coca-Cola Amatil announced a commitment for 100 per cent of its Australian packaging to be recyclable by 2025, including all bottles, cans, plastic wrap, glass and cardboard. The company will also work towards phasing out unnecessary single-use packaging through improved design, innovation or the use of recycled alternatives.
Group Managing Director Alison Watkins said the commitments were part of the National Packaging Targets announced by Federal Environment Minister, the Hon Melissa Price MP.
“As a beverages manufacturer, we’re serious about playing our part in addressing recycling,” Ms Watkins said.
“We’ve heard the community message loud and clear – that unnecessary packaging is unacceptable and we all need to work together to reduce the amount entering litter streams, the environment and the oceans.
“The National Packaging Targets aim to make a substantive improvement in packaging waste reduction, which is why we’re proud to be a founding supporter and to champion their implementation by industry.”
Australia’s 2025 National Packaging Targets are:
- 100 % of all Australia’s packaging will be reusable, recyclable or compostable by 2025 or earlier
- 70 % of Australia’s plastic packaging will be recycled or composted by 2025
- 30 % average recycled content will be included across all packaging by 2025
- Problematic and unnecessary single-use plastic packaging will be phased out through design, innovation or introduction of alternatives
Earlier this year the Mount Franklin 600 ml bottle was launched using 100 % recycled content, with trials under way on reaching an average 50 per cent recycled content across the Australian portfolio by 2020.
Ms Watkins said the Targets were in addition to existing commitments on plastics and packaging reduction, including the aspiration of “World Without Waste” – a Coca-Cola Company goal to collect and recycle one bottle or can for every one produced, worldwide, by 2030.
Amatil and brand partner and shareholder The Coca-Cola Company is also developing sustainable packaging goals to increase the recycled content in plastic bottles and support recycling collection in Australia. Recognising the threat of marine plastic litter, The Coca-Cola Company this week joined governments and industry leaders to sign onto the Ocean Plastics Charter. Originally adopted at the 2018 G7 Summit, the Ocean Plastics Charter calls on governments, industry and the public to rethink their relationship with plastics.