Dyson Expects $1 Billion Cash Flow over Next Five Years
NEW YORK (AP) _ Coca-Cola Enterprises Inc., the biggest bottler in the Coca-Cola system, expects to have $1 billion in excess cash flow over the next five years and may use some of it for acquisitions, its chief executive said Monday.
Brian G. Dyson, who is also president of the bottling concern, told securities analysts that the company also might increase its capital spending by $50 million to $100 million over the next two to three years.
Dyson indicated his company would be interested in acquiring bottling territories adjacent to those it owns in the southern half of the United States but did not specify any targets, his spokesman, Jean-Michel Bock, said.
Coca-Cola Enterprises was formed a year ago and is 49 percent owned by Coca-Cola. Its operations are scattered across the country from Hawaii to Massachusetts.
It currently handles about 40 percent of Coca-Cola’s U.S. soft drink volume, up from about 38 percent initially.
For the nine months ended Sept. 30, Coca-Cola Enterprises reported earnings of $74 million on revenue of $2.6 billion.