A massive Coke deal has gone down in eastern Henrico.
The 300,000-square-foot Coca-Cola bottling plant at 500 Eastpark Court in Sandston was purchased earlier this month for $14.3 million.
The buyer in the Feb. 3 deal was Charlotte, North Carolina-based Coca-Cola Bottling Co. Consolidated (CCBCC), which is an independent company that operates outside of the soft drink empire. The seller was Coca-Cola Refreshments USA Inc., a subsidiary of The Coca-Cola Co.
The facility will continue to operate and bottle Coca-Cola products, according to a news release from CCBCC.
The company’s Sandston purchase is one of three deals that make up an initial wave of acquisitions of Coca-Cola distribution facilities, the other two located in Maryland. It is currently working on signing agreements with Coca-Cola Co. to acquire more distribution territories in Ohio, Indiana, Illinois and Kentucky, the release states.
CCBCC’s territory now stretches into Norfolk, Fredericksburg and Staunton, along with Elizabeth City, North Carolina, the company said in the release.
Ultimately, CCBCC will expand its territory to include Delaware, Washington, D.C., Maryland, North Carolina, Pennsylvania, Virginia and West Virginia.
A representative with CCBCC did not return requests for comment.
The Sandston facility was constructed in 1989, Henrico County records show. It sits on more than 30 acres and was most recently assessed at $11.5 million. Coca-Cola Refreshments had owned the property since 1988.
A distinct entity from the Coca-Cola Co., CCBCC is an independent marketer, producer and distributor of the popular brand’s products. The Coca-Cola Co., by contrast, actually develops the products, selling “syrup concentrate to CCBCC and other bottlers,” CCBCC’s website states.
CCBCC is the largest independent Coca-Cola bottler in the country, with operations in 13 states. The company was founded in 1902.