The company has also signed Letters of Intent for the granting of territories in Central Florida (including Tampa/St Petersburg) to Troy Taylor, who will be the chairman and CEO of the new Florida bottler.
The two new transactions are subject to the parties reaching Definitive Agreements during 2014. The parties are committed to working together to implement a smooth transition with minimal disruption for customers, consumers and system associates.
Financial terms were not disclosed.
Reyes Holdings is one of the largest global providers of food and beverage distribution services.
Source: The Coca-Cola Company
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