Coke eyes bolt-on deals

Coca-Cola plans to continue to make small, bolt-on acquisitions, even as it integrates the North American operations of Coca-Cola Enterprises, its chief financial officer said. Speaking at a Beverage Digest conference yesterday, chief financial officer Gary Fayard said the large acquisition of its main North American bottling business is still on track to close in the fourth quarter.
He also expects the world's largest soft drink company to continue to make small acquisitions, as it usually does.
When it comes to acquiring more North American bottlers that are not part of Coke Enterprises, Fayard said the firm would consider individual acquisitions on their own merits.
Fayard said Coke sees opportunities for bottling partnerships down the road in North America.