Coca-Cola, as part of ongoing strategy to divest itself of company-owned bottling operations across the country, is selling its Hartford production outpost and other New England facilities to a New Hampshire bottler.
No financial details of the transaction were released.
New Hampshire’s Coca-Cola of Northern New England, which is a franchisee of Coca-Cola, has signed a letter of intent to operate Coke production facilities in several major cities, including Boston, Providence, R.I., and Hartford.
Nationwide, Coca-Cola has reached definitive agreements or signed letters of intent to refranchise production plants that account for approximately 50 percent of bottler-delivered distribution volume in the United States.
