Coca-Cola Beverages Florida has purchased distribution rights for The Coca-Cola Company’s (TCCC) brands in the Big Pine Key, Hollywood, South Dade, and West Palm Beach regions.

The transaction also includes purchase of TCCC-owned production facilities in Hollywood and Tampa.

Coca-Cola Beverages Florida is a distributor, while the Coca-Cola Company is a multi-national beverage company.

Both the entities involved in the transaction are based in the US.

"Nestlé and The Coca-Cola Company (TCCC) have announced their decision to end a ready-to-drink (RTD) tea joint venture (JV) in early 2017. ."

Nestlé and The Coca-Cola Company (TCCC) have announced their decision to end a ready-to-drink (RTD) tea joint venture (JV) in early 2017.

Formed in 2001, the JV offers RTD tea in Canada and Europe.

The decision follows Nestlé’s decision to develop Nestea. Nestlé will license manufacturing and distribution rights to TCCC in Canada, Spain, Portugal, Andorra, Romania, Hungary, and Bulgaria.

Nestlé’s is a food and drinks company based in Switzerland, while TCCC is a multi-national beverage company based in the US.