BRIDGETOWN, Barbados – The Barbados Bottling Company Limited (BBC) has been sold.
Parent company Banks Holdings Ltd (BHL) has disclosed that the soft drink manufacturer has been purchased by Coca-Cola bottling partner, KOSCAB Distribution (Barbados) Limited.
Under the new business operation, BBC retains its name and bottling rights to produce Coca-Cola and its affiliated brands.
KOSCAB managing director Carlos Diaz explained that the Coca-Cola Company had initiated changes to its business model in the Latin Centre Business Unit, which includes Barbados and other important areas in the region.
“The result is bottler consolidation in the southern Caribbean with KOSCAB Holdings Ltd, the parent company of KOSCAB Distribution (Barbados) Ltd, currently leading bottling and distribution operations in Grenada, St Kitts, St Vincent, Antigua and Barbados,” he said. “We value the BBC legacy and intend to continue to build its reputation as a world-class business operation.”
KOSCAB Holdings Ltd chairman Alberto Rivera added that his company was confident the new partnership would enable it to continue to exceed the expectations of consumers and customers.
He assured that Barbadian consumers would continue to enjoy the highest quality products.
BBC’s employees are expected to be fully integrated into the new operation which is headed by former BHL group marketing manager, Andre Thomas.