[ad_1]
The Mexican Coca Cola FEMSA (KOF) acquired the Uruguayan Montevideo Refrescos (Monresa), owned by The Coca Cola Company in a cash transaction, whose value-added is $ 250.7 million, under liquidity and debt reserve
The Uruguayan bottler was founded in 1943 and is responsible for the production and distribution of the extensive Coca Cola brand beverage portfolio exclusively in this country, serving a market of 3, 4 million consumers across 26,000 points of sale. 19659002] In a statement sent to the Mexican Stock Exchange (BMV), the Mexican company stressed that the integration of this franchise will increase its presence of KOF in 11 countries around the world.
KOF CEO, John Santa Maria, said that as part of its strategic business framework and the consolidation of the global beverage market direction, with the integration of Monresa, they confirm their commitment to generating economic value. The most recent acquisition of KOF took place in April with the purchase of two bottling companies in Guatemala, Alimentos y Bebidas del Atlántico, SA and Comercializadora y Distribuidora Los Volcanes SA
. acquisitions
for $ 178 million, on a cash and free debt basis. It should be remembered that in May 2017, the bottler decided not to finalize the announced acquisition of certain activities in the US that are part of the Bottling Investments group of The Coca Cola Company.
"After a thorough Coca-Cola Company analysis to acquire certain territories in the United States, KOF concluded that, on the terms proposed, it will not proceed with this acquisition," the company said in a statement. statement on this occasion without giving further details. In December 2016, the Mexican company confirmed, through its subsidiary Spal Industria Brasileira of Bebidas, the acquisition of 100% of the Brazilian bottling company Vonpar.
In October 2013, KOF successfully completed the acquisition of 100% The Brazilian company Spaipa in a cash transaction in the amount of $ 1,855 million
KOF is the largest factory Coca Cola bottling in Latin America, currently serving 179 million consumers in the countries of the region such as Guatemala, Nicaragua, Costa Rica, Panama, Venezuela, Colombia, Brazil, Argentina and Mexico.
Since 1995, Coca-Cola FEMSA has experienced average organic growth of 12% per year. (With information from Notimex)
[ad_2]
Source link
