Nov. 19--A subsidiary of Reyes Holding has moved closer to becoming the exclusive distributor of most major Coca-Cola products in the Chicago area.
The Coca-Cola Co. said Wednesday it signed a definitive agreement with Great Lakes Coca-Cola Distribution. It expects the deal to close next year. Financial terms were not disclosed.
Coca-Cola and Reyes, which also distributes Corona and Heineken beers, and supplies to McDonald's restaurants, announced a letter of intent in February.
"Reyes Holdings has a proven track record of building strong brands in mature markets with local customers and will be an important asset to our system," said Sandy Douglas, president, Coca-Cola North America, in a statement. "We're proud to welcome Chris Reyes and Jude Reyes to the family of Coca-Cola franchise bottlers in North America."
mepodmolik@tribpub.com
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