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This Day in Georgia History

August 30, 1888

Candler Bought One-Third Interest in Coca-Cola

To view an image of Asa Candler, see the Digital Library of Georgia.

Two weeks after the death of Dr. John Pemberton, Asa Candler paid $1,000 to Mrs. M.C. Dozier and Woolfolk Walker for one-third interest in the new Coca-Cola company. This now gave Candler two-thirds interest, plus his share of the remaining third jointly owned by him, Walker and Dr. Joseph Jacobs. On April 22, 1891, Candler would purchase Walker and Jacobs’ shares for complete ownership of the corporation. He had managed to become the sole owner of Coca-Cola for total price of $2,300, plus an exchange of goods with Jacobs.