The Barbados Bottling Company Limited has been sold.
It has been purchased by Coca-Cola bottling partner, Koscab Distribution Barbados Limited.
Under the new business operation, BBC retains its name and bottling rights to produce Coca-Cola and its affiliated brands.
Banks Holdings Limited in a statement says the Coca-Cola Company had initiated changes to their business model in the Latin center business unit, which includes Barbados and other important areas in the region.
The result is bottler consolidation in the southern Caribbean with Koscab Holdings.
Koscab managing director, Carlos Diaz says they are pleased to be the new owners of BBC and intend to continue to build its reputation as a world class business operation.
BBC's employees are expected to be fully integrated into the new operation headed by former BHL Group marketing manager and B&B Distribution Ltd general manager, Andre Thomas.