Beverage distributor and manufacturer Swire Coca-Cola, USA has signed a distribution agreement with Monster Energy Company.

Under the agreement, Swire Coca-Cola, USA, Coca-Cola Southwest Beverages, Deming Coca-Cola, and Durango Coca-Cola will distribute Monster products across Arizona and in certain areas of New Mexico and Colorado.

Swire Coca-Cola, USA president and CEO Jack Pelo said: “The acquisition of the rights to build upon our distribution of Monster products is exciting and an excellent fit for Swire’s business model.

“This acquisition allows us to utilise the efficiencies of our existing distribution network.”

“Monster has been a great partner for us throughout our 13-state territory, and we look forward to deepening our relationship in the south-west. We also know Monster has the brands that consumers want in the energy drink category.”

Coca-Cola currently holds a minority interest in Monster Energy Company.

Pelo added: “Our team in Arizona is enthusiastic about the addition of Monster to our broad portfolio of beverages. This acquisition allows us to utilise the efficiencies of our existing distribution network.

“It also means the expansion of our warehouse space in Arizona and the additional expenditure of resources in support of this new business.”

In November 2017, Swire Coca-Cola USA has completed the acquisition of the Coca-Cola Production Center in Denver, Colorado.

The transaction is said to be part of The Coca-Cola Company’s refranchising process.