Coca-Cola Co. pledged to buy $2 billion worth of oranges from Florida groves as part of its support for the state’s largest planting in 25 years.The Atlanta-based beverage giant teamed with Cutrale Citrus Juices and Peace River Citrus Products to support planting of 25,000 acres of orange trees. This will add more than 4,100 direct and indirect jobs to the state.
Coca-Cola (NYSE: KO), which owns Minute Maid, will procure all of the fruit produced by these trees over the next 20 years.
The company also run 26 facilities in Florida, employing 6,100 people. Over the last five years, Coca-Cola has invested more than $400 million in its operations throughout Florida.
