The Coca-Cola Company and Nestle S.A. announced today the further development of their existing joint venture partnership, Coca-Cola and Nestle Refreshments (CCNR). The co-operation will be renamed Beverage Partners Worldwide (BPW) and function as an entrepreneurial unit dedicated to tapping the growth potential of emerging beverage segments, particularly ready-to-drink coffee, teas and beverages with a healthful positioning.