Timberwolf Equity Research • 16 Comments
Sep. 1, 2013, 2:21 AM
- 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)
Jun. 30, 2013, 1:15 AM
Coca-Cola Femsa (KOF), the biggest soft-drinks bottler in Latin America, continues its expansion by agreeing to acquire Brazil's Cia. Fluminense de Refrigerantes for $448M in cash. The deal clears the way for "the reconfiguration of the supply chain of our combined operations," says Coca-Cola Femsa CEO Carlos Salazar. The purchase is the latest in series of deals worth $4B that the company has made in the past couple of years. (PR)| Jun. 30, 2013, 1:15 AM
Jan. 18, 2013, 7:02 AM