Consumer Staple Stocks News Coca-Cola Amatil (CCL)


Coca-Cola Amatil ASX CCLCoca-Cola Amatil (CCL) is an Australasian bottler for US-based The Coca Cola Company.

CCL manufactures, sells and distributes Coca-Cola products, including carbonated soft drinks, mineral waters and other non-alcoholic beverages, plus packaged fruit.

CCL was one of the shares to buy in the first half of 2010, surging from $10.50 to a high of $12.51 in October.

On 21 March, CCL signed a 10 year agreement with US-based Beam Global to manufacture, sell and distribute its premium spirits portfolio in Australia.

Beam will continue to deliver the portfolio’s advertising, sponsorship and promotions.

Due to its increased responsibilities, CCL expects its working capital to increase by between $30 million and $35 million.

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