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The company was formed as Coca-Cola European Partners on 28 May 2016 as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners S.A.U. and Coca-Cola Erfrischungsgetränke GmbH. The combination created the world's largest independent Coca-Cola bottler based on net revenues. The company reported revenue of €20.4 billion in 2024.
The company was first listed on the London Stock Exchange in March 2019, with shares being traded in euros.
Following the acquisition of Australian bottling company Coca-Cola Amatil, the company changed its name from Coca-Cola European Partners to Coca-Cola Europacific Partners on 10 May 2021.
In December 2022, the company bought the naming rights to Erebus Motorsport in the Supercars Championship. The team competed under the name Coca-Cola Racing by Erebus for the 2023 season. CCEP ended the partnership on 5 February 2024, before the start of the 2024 season.
On 23 February 2024, Philippine-based Aboitiz Equity Ventures Inc. (AEV) announced that it had jointly acquired Coca-Cola Beverages Philippines Inc. together with Coca-Cola Europacific Partners (CCEP) for $1.8 billion on a debt-free, cash-free basis. CCEP acquired a 60% stake, while Aboitiz Equity Ventures acquired the remaining 40%.