Coca-Cola Femsa continues Brazil expansion with $1.855B deal

Coca-Cola Femsa (KOF), the biggest soft-drinks bottler in Latin America, has agreed to acquire Brazil's Spaipa Industria Brasileira de Bebidas in a deal valued at $1.855B.

The purchase of Spaipa, which generated net revenues of $905M in FY 2013, will increase Coca-Cola Femsa's volume in Brazil by 40%.

News of the transaction comes days after Coca Cola Femsa completed the acquisition of Brazilian Coke bottler Companhia Fluminense de Refrigerantes for $448M.

Coca-Cola Femsa is a joint venture between Coca-Cola (KO) and Mexican retail and bottling company Femsa. (PR)

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Comments (3)
  • tampabay
    , contributor
    Comments (459) | Send Message
    KO not standing pat on U.S. sales...wheeling/dealing to make us all money...good work..
    1 Sep 2013, 01:48 PM Reply Like
  • njja
    , contributor
    Comments (373) | Send Message
    Love my position in KO!
    1 Sep 2013, 01:56 PM Reply Like
  • Shelby Cardozo
    , contributor
    Comments (1598) | Send Message
    KOF has had a good sell off.
    2 Sep 2013, 10:34 AM Reply Like
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