Kof consolidates in South America; buy a business in Uruguay



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Coca-Cola FEMSA ( Kof ) announced the acquisition of Montevideo Refrescos (Monresa) for an estimated $ 250.7 million, subject to adjustments in cash and

According to information provided by the subsidiary of FEMSA with this acquisition, the presence of the company in 11 countries around the world

Monresa located in Uruguay, serving an average of 3.4 million consumers through 26,000 points of sale.

"As part of our strategic business and consolidation framework in the direction of the global beverage market, with the integration of Monresa, we reaffirm our commitment to the generation of economic value and social p for our shareholders and interest groups, "said John Santa Maria, CEO of Kof.

Last April, Coca-Cola FEMSA announced two acquisition agreements. Between them was the purchase of Comercializadora y Distribuidora Los Volcanes in Guatemala for an amount of 124.6 million dollars, on the basis of available cash and money. a debt

The transaction provides for a bottling plant and seven distribution centers employing a thousand 66 employees

The area of ​​influence of Los Volcanes in Guatemala is the region South -West from this country.

Other operation was with Atlantic Foods and Beverages for $ 53.4 million, on a cash and free debt basis

The purchase includes a plant, nine distribution centers and 791 employees.

This bottler operates in Northeastern Zone of Guatemala

José Antonio Cebeira González, Actinver analyst mentioned that Monresa would add 48.11 million unit cases to a margin of 18 % and a multiple of nine times Ev / Ebitda.

] "They have always been interested in growing in areas that they already know, in the case of Central and South America, what they've done. makes sense for me to continue to consolidate all of Latin America, "he said.

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