Swire Coca-Cola is expanding its presence in Southeast Asia into Thailand and Laos, adding further scale to its existing portfolio of businesses in Vietnam and Cambodia. The company has entered into definitive agreements with ThaiNamthip Corporation and The Coca-Cola Company that aim to forge a strategic bottling alliance in North ASEAN. Subject to regulatory approvals, Swire Coca-Cola will take a controlling stake in ThaiNamthip’s bottling operations in Thailand and Laos, and ThaiNamthip will take a minority stake in Swire Coca-Cola’s businesses in Vietnam and Cambodia. The Coca-Cola Company has meanwhile divested its minority shareholding in ThaiNamthip to both ThaiNamthip and Swire Coca-Cola. Leveraging ThaiNamthip’s local knowledge and experience and Swire Coca-Cola’s global perspective, the alliance will accelerate the company’s development in one of the fastest growing regions in the world.
