Coca-Cola FEMSA acquires bottler in Uruguay
Mexico City, Mexico, June 28, 2018 – Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL, NYSE: KOF) (“Coca-Cola FEMSA” or “the Company”, the largest Coca-Cola franchise bottler in the world by sales volume, announces the acquisition of Montevideo Refrescos S.R.L. (“MONRESA”) from The Coca-Cola Company (NYSE: KO), in an all cash transaction. The aggregate enterprise value for this transaction is US$ 250.7 million, on a cash free and debt free basis.
MONRESA was founded in 1943 and is the exclusive distributor and manufacturer of the extensive Coca-Cola beverage portfolio in Uruguay, serving a market of 3.4 million consumers through 26 thousand points of sale.
The integration of this franchise increases Coca-Cola FEMSA’s presence to 11 countries worldwide.
“As part of our strategic framework and the consolidation of leadership in the global beverage market, the integration of MONRESA reaffirms our commitment to generating economic and social value for our shareholders and stakeholders.” said John Santa Maria, CEO of Coca-Cola FEMSA.Descargar noticia