Equatorial Coca-Cola Bottling Company has reached an agreement with Coca-Cola Beverages Africa and The Coca-Cola Company to acquire Voltic (GH) Limited and West African Refreshments Limited

Accra, Ghana – Equatorial Coca-Cola Bottling Company (ECCBC) and Coca-Cola Beverages Africa (CCBA) have reached an agreement for ECCBC to acquire Voltic (GH) Limited (Voltic) and West African Refreshments Limited (WARL). Voltic is a subsidiary of CCBA and WARL is a subsidiary of CCBA and of The Coca-Cola Company (TCCC).

The transaction will strengthen ECCBC’s position as a leading authorized bottler in the Coca-Cola system in Africa and will enable ECCBC to manage its expanded operations through an integrated beverage platform, enhancing its ability to serve the Ghanaian market more effectively and efficiently while delivering value to key stakeholders, including consumers, customers and suppliers.

As the authorized Coca-Cola bottler in 13 countries in North and West Africa, ECCBC has over 30 years of proud history, expertise and success on the continent. The company remains deeply committed to investing in local communities, producing and distributing locally and supporting economic growth. ECCBC will be responsible for the preparation, packaging, distribution and sales of beverages under Coca-Cola’s trademarks in Ghana, including Coca-Cola, Fanta, Sprite and Voltic.

CCBA, together with its subsidiaries (the CCBA Group), is the eighth largest Coca-Cola authorized bottler in the world by revenue, and accounts for over 40% of the volume of beverages bearing Coca-Cola brands sold in Africa. The group operates in 15 countries, including its six key markets of South Africa, Kenya, Ethiopia, Uganda, Mozambique and Namibia. CCBA is focused on accelerating growth across its footprint, as well as making a positive impact on people’s lives and the communities it calls home.

Alfonso Bosch, CEO of ECCBC Group, stated: “As a company with a strong presence in Africa, we are deeply committed to the continent’s growth. We are thrilled to announce the acquisition of Voltic, a leading water business in the region, and WARL. This acquisition presents significant opportunities to enhance our service offerings and deliver a positive impact to our stakeholders. We are dedicated to building on Voltic’s legacy of excellence and innovation.”

Sunil Gupta, CEO of CCBA congratulated ECCBC on the acquisition and said: “This transaction allows CCBA to focus our attention on our core markets in Southern and East Africa and prioritize resources for sustainable growth opportunities on the continent.”

  • Business

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Frank O’Donnell

Chief Commercial and Customer Officer, CCBA

Frank leads CCBA’s commercial agenda, with responsibility for accelerating revenue growth, strengthening route to market and customer partnerships and driving execution excellence across markets.

Frank brings extensive international experience from Coca‑Cola HBC, where he held a range of senior commercial and general management roles. Most recently, he served as Region Director, overseeing 13 markets across Europe, where he led high-performing teams and delivered strong business results.

He is recognised for his strong commercial acumen, customer focus and track record in building high-performing teams across diverse markets.

Gerald Lewis

Chief Information Officer, CCBA

Gerald leads CCBA’s digital, data and technology agenda, focusing on enabling business performance through scalable platforms and enhanced digital capabilities.  Gerald brings extensive international experience, most recently as Head of Technology Strategy & Operations at Coca‑Cola HBC. He has also held senior CIO roles at Bacardi across Africa, the Middle East and Asia, as well as transformation roles at GlaxoSmithKline and Mettler Toledo. He is recognised for translating technology strategy into business value and for leading transformation across emerging markets.

Matthew Welz

General Counsel and Company Secretary, CCBA

Matthew joined us from the Clicks Group, a JSE Top-40 company, where he has been the Head of Legal and Company Secretary since 2016. In this role Matthew successfully navigated a highly regulated environment, including overseeing compliance with company laws and the JSE Listings Requirements. As company secretary, he managed governance at Board level as well as being the Chairman’s chief of staff. Prior to this, Matthew was a Legal Manager with Anglo American, a major multinational diversified mining group, which includes three companies listed on the JSE, with extensive operations across Southern Africa.

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