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Asa Griggs Candler
Asa Griggs Candler Sr. (December 30, 1851 – March 12, 1929) was an American business magnate and politician who in 1888 purchased the Coca-Cola recipe for $238.98 (equivalent to $8,363 in 2024) from chemist John Stith Pemberton in Atlanta, Georgia. Candler founded the Coca-Cola Company in 1892 and developed it as a major company.
Prominent among civic leaders of Atlanta, Candler was elected and served as the 41st mayor of the city, from 1916 to 1919. Candler Field, the site of the present-day Hartsfield-Jackson Atlanta International Airport, was named after him, as is Candler Park in Atlanta. As head of Coca-Cola, he built the Candler Building in Atlanta, as well as one in Kansas City (which became known as the Western Auto Building), a Candler Building in New York City, and one in what is now known as the Inner Harbor area of Baltimore, Maryland.
Asa Griggs Candler was born on December 30, 1851, in Villa Rica, Georgia. His parents were Martha and Samuel Charles Candler, a merchant and property owner. His parents raised eleven children, including Asa and his brother Warren Akin Candler. Samuel Charles Candler was a member of the legislature of South Carolina, and fought in the Creek War of 1836.
Candler's children are:
A druggist in 1888, Asa Griggs Candler met John Stith Pemberton and was intrigued by a sweet, carbonated drink he had developed. Candler bought the Coca-Cola recipe from Pemberton, for an amount rumored to be $2,300. The drink was derived from brewed coca leaves, as well as caffeine, carbonated water, and sugar. In 1892, he founded the Coca-Cola Company. The following year, he trademarked the brand and distributed the first dividends to the company's shareholders.
By 1895, the company was distributing Coca-Cola nationwide in the United States. It first started exporting in 1899, to Cuba. Exports to Europe started two years later. He also developed the famous "$1 contract" where he sold the rights to bottle Coca-Cola in the US for only one dollar. At first, the company advertised Coca-Cola as a drink that relieved mental and physical fatigue, and cured headaches.
In 1903, Candler decided to remove the cocaine component from the coca leaves before mixing them with the drink, and to sell the extracted cocaine to pharmaceutical companies. In 1911, the company reached an annual advertising budget of $1 million. In 1915, the bottling company Root Glass Co. created the iconic Coca-Cola bottle.
In 1916, after Candler was elected mayor of Atlanta, he ended his day-to-day management of the Coca-Cola Company. In 1917, the Coca-Cola company agreed to reduce by 50% the amount of caffeine in the drink. In 1919 Candler gave most of the stock in The Coca-Cola Company to his children. They sold their shares to a consortium of investors led by Ernest Woodruff.
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Asa Griggs Candler
Asa Griggs Candler Sr. (December 30, 1851 – March 12, 1929) was an American business magnate and politician who in 1888 purchased the Coca-Cola recipe for $238.98 (equivalent to $8,363 in 2024) from chemist John Stith Pemberton in Atlanta, Georgia. Candler founded the Coca-Cola Company in 1892 and developed it as a major company.
Prominent among civic leaders of Atlanta, Candler was elected and served as the 41st mayor of the city, from 1916 to 1919. Candler Field, the site of the present-day Hartsfield-Jackson Atlanta International Airport, was named after him, as is Candler Park in Atlanta. As head of Coca-Cola, he built the Candler Building in Atlanta, as well as one in Kansas City (which became known as the Western Auto Building), a Candler Building in New York City, and one in what is now known as the Inner Harbor area of Baltimore, Maryland.
Asa Griggs Candler was born on December 30, 1851, in Villa Rica, Georgia. His parents were Martha and Samuel Charles Candler, a merchant and property owner. His parents raised eleven children, including Asa and his brother Warren Akin Candler. Samuel Charles Candler was a member of the legislature of South Carolina, and fought in the Creek War of 1836.
Candler's children are:
A druggist in 1888, Asa Griggs Candler met John Stith Pemberton and was intrigued by a sweet, carbonated drink he had developed. Candler bought the Coca-Cola recipe from Pemberton, for an amount rumored to be $2,300. The drink was derived from brewed coca leaves, as well as caffeine, carbonated water, and sugar. In 1892, he founded the Coca-Cola Company. The following year, he trademarked the brand and distributed the first dividends to the company's shareholders.
By 1895, the company was distributing Coca-Cola nationwide in the United States. It first started exporting in 1899, to Cuba. Exports to Europe started two years later. He also developed the famous "$1 contract" where he sold the rights to bottle Coca-Cola in the US for only one dollar. At first, the company advertised Coca-Cola as a drink that relieved mental and physical fatigue, and cured headaches.
In 1903, Candler decided to remove the cocaine component from the coca leaves before mixing them with the drink, and to sell the extracted cocaine to pharmaceutical companies. In 1911, the company reached an annual advertising budget of $1 million. In 1915, the bottling company Root Glass Co. created the iconic Coca-Cola bottle.
In 1916, after Candler was elected mayor of Atlanta, he ended his day-to-day management of the Coca-Cola Company. In 1917, the Coca-Cola company agreed to reduce by 50% the amount of caffeine in the drink. In 1919 Candler gave most of the stock in The Coca-Cola Company to his children. They sold their shares to a consortium of investors led by Ernest Woodruff.