Coca-Cola Refreshments
Executives Paul Mulligan and Fran McGorry Lead New Bottler in
Coca-Cola’s Largest Metropolitan Market
Liberty Coca-Cola Beverages, LLC announced today that it has
closed its deal to acquire territory from The Coca-Cola Company
across the New York Tri-State Metro area. The definitive agreement,
signed October 28, 2017, comes approximately five months after The
Coca-Cola Company announced a letter of intent with the bottling
partner as part of a broader plan to refranchise its operations in
North America.
Liberty Coca-Cola officially opened its doors today, and
welcomes more than 4,600 associates to its family. The new
bottler’s areas of service includes the cities of Philadelphia and
New York, part of Delaware, the state of New Jersey, Long Island,
parts of Hudson Valley, NY, and Fairfield County, CT. Liberty
Coca-Cola will operate four production facilities and ten
distribution centers throughout the region.
Coca-Cola Refreshments executives Paul Mulligan and Fran McGorry
are at the helm of the new venture, and bring a combined 55-years
of experience from the Coca-Cola system. Over the past 20 years,
Paul has led the charge overseas from Europe to Japan to Latin
America and most recently with Coca-Cola Refreshments in the U.S.;
transitioning bottlers across North America to become part of the
Company’s 21st Century Beverage Partnership Model.
Fran McGorry has been President of the Tri-State Metro Operating
Unit of Coca-Cola Refreshments for the last two years. Prior to his
current role, McGorry’s career included serving as President of the
Philadelphia Coca-Cola Bottling Company. He is a native of
Philadelphia and has strong, local connections throughout the
region.
“This is a team that truly believes in the power of our brands
and world-class portfolio execution,” said J. Alexander “Sandy”
Douglas Jr., President, Coca-Cola North America. “Winning in one of
the nation’s biggest and most complex markets is mission critical,
and Paul Mulligan, Fran McGorry and their tri-state team are the
perfect people to make it happen for this newly established
bottling partner.”
“Becoming a Coca-Cola franchise owner is an honor and a
privilege, with a responsibility and challenge we respect,” said
Paul Mulligan, Co-Owner Liberty Coca-Cola Beverages LLC. “We are
passionate about the opportunity to refresh such a diverse
marketplace with the world’s most iconic beverages, and look
forward to growing and innovating with our customers and consumers
in each one.”
“I have been part of the Coca-Cola family for 30 years,
and achieving this dream of localizing the business not only for a
brand I love, but in a market that I have grown up in, makes it all
the more special,” said Fran McGorry, Co-Owner Liberty Coca-Cola
Beverages LLC. “We are excited to return to our local roots and be
part of the fabric of the communities that we serve.”
Liberty Coca-Cola is committed to driving growth in the
marketplace by investing in its No. 1 asset - people. Resources are
in place to develop a culture of ownership, safety and fun; where
associates are empowered to make decisions that will impact the
future growth of the business.
The closing of Liberty Coca-Cola Beverages is among the final
transactions to complete the Coca-Cola Company’s process of
refranchising all of its U.S. bottling territories. The bottling
system in North America now will be comprised of economically
aligned partners that are able to serve major customers while
maintaining strong, local ties throughout diverse communities
across the country.
Financial terms of the Liberty Coca-Cola Beverages, LLC
agreement are not being disclosed.
About Liberty Coca-Cola Beverages
LLC
Liberty Coca-Cola Beverages, LLC is a privately-owned bottler
that operates four production facilities in Philadelphia,
Moorestown, N.J., Maspeth, N.Y., and Elmsford, N.Y. and sales and
distribution centers in Marmora, South Brunswick and Carlstadt, NJ;
the Bronx, Maspeth, Elmsford, New Windsor, and Smithtown, NY. For
more information, visit us at www.LibertyCoke.com, and follow us on
Twitter @libertycocacola, Instagram, Facebook and LinkedIn.
About The Coca-Cola
Company
The Coca-Cola Company (NYSE:KO) is the world’s largest total
beverage company, offering over 500 brands to people in more than
200 countries. Of our 21 billion-dollar brands, 19 are available in
lower- and no-sugar options to help people everywhere more easily
control added sugar.
In addition to our namesake Coca-Cola drinks, some of our
household names around the world include: AdeS soy-based beverages,
Ayataka green tea, Dasani waters, Del Valle juices and nectars,
Fanta, Georgia coffee, Gold Peak teas and coffees, Honest Tea,
Minute Maid juices, Powerade sports drinks, Simply juices,
smartwater, Sprite, vitaminwater, and Zico coconut water. At
Coca-Cola, we’re serious about making positive contributions to our
world. That starts with reducing sugar in our drinks and bringing
new and different drinks to people everywhere. It also means
continuously working to reduce our environmental impact, creating
rewarding careers for our associates, and bringing economic
opportunity wherever we operate. In fact, together with our
bottling partners, we employ more than 700,000 people around the
world. For more information, visit our digital magazine Coca-Cola
Journey at www.coca-colacompany.com and follow The Coca-Cola
Company on Twitter, Instagram, Facebook and LinkedIn.
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version on businesswire.com: http://www.businesswire.com/news/home/20171030005276/en/
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