The Coca-Cola Company (NYSE: KO) and Monster Beverage Corporation
(NASDAQ: MNST) announced today the closing of the previously announced
strategic partnership related to an equity investment, business
transfers and expanded distribution in the global energy drink category.
As a result of the transaction, The Coca-Cola Company now owns an
approximate 16.7% stake in Monster.
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The Coca-Cola Company transferred ownership of its worldwide energy
business, including NOS, Full Throttle, Burn, Mother, BU, Gladiator,
Samurai, Nalu, BPM, Play and Power Play, Ultra and Relentless, to
Monster, and Monster transferred its non-energy business, including
Hansen’s Natural Sodas, Peace Tea, Hubert’s Lemonade and Hansen’s Juice
Products, to The Coca-Cola Company.
Since the transaction was announced, Monster and The Coca-Cola Company
and its bottlers have amended their distribution arrangements in the
U.S. and Canada by expanding into additional territories and entering
into long-term agreements. The Coca-Cola Company also has become
Monster’s preferred global distribution partner with new international
distribution commitments already in place with bottlers in Germany and
Norway.
In connection with the closing, The Coca-Cola Company made a net cash
payment of approximately $2.15 billion to Monster.
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is the world’s largest beverage
company, refreshing consumers with more than 500 sparkling and still brands.
Led by Coca-Cola, one of the world’s most valuable and recognizable
brands, our Company’s portfolio features 20 billion-dollar brands
including, Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater,
POWERADE, Minute Maid, Simply, Georgia, Dasani, FUZE TEA and Del Valle.
Globally, we are the No. 1 provider of sparkling beverages,
ready-to-drink coffees, and juices and juice drinks. Through the world’s
largest beverage distribution system, consumers in more than 200
countries enjoy our beverages
at a rate of 1.9 billion servings a day. With an enduring commitment to
building sustainable communities, our Company is focused on initiatives
that reduce our environmental footprint, support active, healthy
living, create a safe, inclusive work environment for our
associates, and enhance the economic development of the communities
where we operate. Together with our bottling partners, we rank among the
world’s top 10 private employers with more than 700,000 system
associates. For more information, visit Coca-Cola Journey at www.coca-colacompany.com,
follow us on Twitter at twitter.com/CocaColaCo,
visit our blog, Coca-Cola Unbottled, at www.coca-colablog.com
or find us on LinkedIn at www.linkedin.com/company/the-coca-cola-company.
About Monster Beverage Corporation
Based in Corona, California, Monster Beverage Corporation is a holding
company and conducts no operating business except through its
consolidated subsidiaries. The Company’s subsidiaries market and
distribute energy drinks including Monster Energy® energy drinks,
Monster Energy Extra Strength Nitrous Technology® energy drinks, Java
Monster® non-carbonated coffee + energy drinks, M3® Monster Energy®
Super Concentrate energy drinks, Monster Rehab® non-carbonated energy
drinks with electrolytes, Muscle Monster® Energy Shakes, Übermonster®
energy drinks, NOS, Full Throttle, Burn, Mother, BU, Gladiator, Samurai,
Nalu, BPM, Power Play™, Ultra and Relentless. For more information,
visit www.monsterbevcorp.com.
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