In July, Swire Coca-Cola Limited announced the acquisition of Coca-Cola bottling businesses in Vietnam and Cambodia. The move represents Swire Coca-Cola’s first investments in Southeast Asia, giving it a leading position in one of the world’s fastest growing beverage markets. After closing, Swire Coca-Cola will own and operate Coca-Cola Beverages Vietnam Limited, which has three bottling facilities in Vietnam, and Cambodia Beverage Company Limited, which has one bottling facility in Cambodia. The acquisition will increase Swire Coca-Cola’s total franchise population by 15% to 876 million people. With young demographics, robust urbanisation trends and pre-pandemic GDP growth of over seven percent annually, Vietnam and Cambodia open up significant opportunities for Swire Coca-Cola.
“This acquisition marks a major milestone for Swire Coca-Cola, significantly expanding our operating footprint and population served to a new region,” said Patrick Healy, Chairman of Swire Coca-Cola. “We have been investing in building a world-class bottling system over the past 57 years. This expansion of territories is part of a broader strategy to expand the global scale, volume, and revenues of our bottling business.”
