Coca-Cola FEMSA successfully closes the acquisition of Vonpar in Brazil
Mexico City, Mexico – December 6, 2016 – Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL; NYSE: KOF) (“Coca-Cola FEMSA” or the “Company”), the largest public bottler of Coca-Cola products in the world by sales volume, announces that its Brazilian subsidiary, Spal Industria Brasileira de Bebidas S.A. (“Spal”), has successfully closed the agreement with the shareholders of Vonpar (“Vonpar”) to acquire 100% of Vonpar in an all cash transaction for Spal.
Regarding the issuance of KOF series L shares that the sellers will subsequently receive upon certain mergers with Coca-Cola FEMSA, as per the announcement made on September 23, 2016, the Company will make the corresponding announcements when any of these mergers become formalized.
Vonpar’s footprint is a perfect geographic fit that links with the Coca-Cola FEMSA’s operations in the state of Paraná, in the south of Brazil. This transaction will increase our volume in Brazil by 25%, allowing us to reach 49% of the Coca-Cola system’s volume in the country.
During the last twelve months ended June 30, 2016, Vonpar sold 190 million unit cases of beverages, including 23 million unit cases of beer, generating R$2,026 million in net revenues and an EBITDA of R$335 million.
Coca-Cola FEMSA will start integrating the results of Vonpar as of December, 2016.
“We are excited to expand our presence in Brazil with the acquisition of Vonpar. This transaction bolsters our leading position in the Coca-Cola system in one of the largest markets for Coke products in the world. We are strengthening our footprint in Brazil by consolidating contiguous regions, allowing us to develop synergies through operating efficiencies and incorporating experienced and talented employees to Coca-Cola FEMSA’s family. We feel confident to continue executing on a profitable portfolio and to offer different alternatives to satisfy our consumer’s needs in this territory”, said John Santa Maria, Chief Executive Officer of the Company.Descargar noticia