| FOR IMMEDIATE RELEASE | 20 April 2016 |
Swire Pacific Limited (HKSE: 00019/00087) ("Swire Pacific") announced today that Swire Coca-Cola, USA, a subsidiary within Swire Pacific's Beverages Division, has signed a Definitive Agreement ("DA") with The Coca-Cola Company to acquire additional territory rights in Albuquerque, New Mexico. Financial terms were not disclosed.
Today's DA follows previous announcements about additional territories in Colorado, including Denver and Colorado Springs; Arizona, including Phoenix and Tucson; Washington, including Seattle and Spokane; and Oregon, including Portland.
"We are delighted to reach this new Definitive Agreement with The Coca-Cola Company," said Jack Pelo, President and CEO, Swire Coca-Cola, USA. "We look forward to becoming a part of and serving the Albuquerque community."
About Swire Coca-Cola, USA
Swire Coca-Cola, USA, a subsidiary of Swire Pacific Limited (HKSE: 00019/00087) (www.swirepacific.com) within its Beverages Division, has two production facilities located in Salt Lake City, Utah, and in Fruitland, Idaho, and 30 sales centers serving portions of 13 western states. Currently, its territory extends through parts of Washington in the north to Arizona in the south and from California in the west to Nebraska in the east.
About Swire Beverages
Swire Beverages is a division of Swire Pacific Limited. The division has the exclusive right to manufacture, market and distribute products of The Coca-Cola Company in Hong Kong, Taiwan, seven provinces in Mainland China and an extensive area of the Western U.S. The relationship with Coca-Cola began in 1965, with the acquisition by Swire of the majority shareholding in the Hong Kong bottling company. Swire Beverages manufactures 57 beverage brands and distributes them to a population of over 450 million people.
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