Coca-Cola Europacific Partners bottles and distributes Coca-Cola branded beverages across Western Europe, Australia, Indonesia and other markets in the Pacific region, operating under a licensing arrangement with The Coca-Cola Company rather than owning the beverage brands itself. Bottling companies like CCEP handle the capital-intensive work of manufacturing, distributing and selling finished beverages, while The Coca-Cola Company focuses on brand marketing and concentrate production, a structure common across the global Coca-Cola bottling system. The company was formed through a series of mergers combining previously separate European and Pacific bottling operations into one larger, geographically diversified bottler. CCEP's revenue is tied to beverage consumption trends and pricing across its territories, along with input costs like sugar, aluminum and PET plastic that affect its manufacturing margins.