Coca-Cola FEMSA Successfully Closes the Acquisition of Companhia Fluminense de Refrigerantes in Brazil
August 22 2013 - 1:59PM
Marketwired
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, announces that it has successfully closed
the acquisition of 100% of Companhia Fluminense de Refrigerantes
("Companhia Fluminense") in an all-cash transaction.
Companhia Fluminense represents a geographic link between our
São Paulo and Minas Gerais footprint and expands our presence in
Brazil to parts of the state of Rio de Janeiro. During the last
twelve months ended March 31, 2013, this franchise sold 56.6
million unit cases of beverages, including beer, generating
approximately US$ 232 million in net revenues and an estimated pro
forma consolidated EBITDA of US$ 40 million.
Through this transaction, Coca-Cola FEMSA will increase its
participation in Leao Alimentos, the leading non-carbonated
beverage player in the country, from 19.7% to 21.8%.
"We deeply appreciate all of the hard work of both companies'
teams to close this transaction in a record time, enabling us to
enhance our bottling footprint in one of the most important markets
for The Coca-Cola Company worldwide. Our larger family in Brazil
will now work to integrate our operations and realize identified
synergies. We reinforce our commitment to focus on the beverage
industry in our markets and to capture the future growth
opportunities in the Coca-Cola bottling system," said Carlos
Salazar Lomelín, Chief Executive Officer of the Company.
Coca-Cola FEMSA will start integrating the results of Companhia
Fluminense as of September, 2013.
Coca-Cola FEMSA, S.A.B. de C.V. produces and distributes
Coca-Cola, Fanta, Sprite, Del Valle, and other trademark beverages
of The Coca-Cola Company in Mexico (a substantial part of central
Mexico, including Mexico City, as well as southeast and northeast
Mexico), Guatemala (Guatemala City and surrounding areas),
Nicaragua (nationwide), Costa Rica (nationwide), Panama
(nationwide), Colombia (most of the country), Venezuela
(nationwide), Brazil (greater São Paulo, Campiñas, Santos, the
state of Mato Grosso do Sul, part of the state of Goias, part of
the state of Rio de Janeiro and part of the state of Minas Gerais),
Argentina (federal capital of Buenos Aires and surrounding areas)
and Philippines (nationwide), along with bottled water, juices,
teas, isotonics, beer, and other beverages in some of these
territories. The Company has 63 bottling facilities and serves more
than 321 million consumers through more than 2,700,000 retailers
with more than 100,000 employees worldwide.
Image Available:
http://www2.marketwire.com/mw/frame_mw?attachid=2388103
For Further Information: Investor Relations Jose
Castro Email Contact (5255) 1519-5120 / 5121 Roland Karig Email
Contact (5255) 1519-5186 Miguel Murcio Email Contact (5255)
1519-5148 Website: www.coca-colafemsa.com
Coca Cola FEMSA SAB De CV (NYSE:KOF)
Historical Stock Chart
From Aug 2024 to Sep 2024
Coca Cola FEMSA SAB De CV (NYSE:KOF)
Historical Stock Chart
From Sep 2023 to Sep 2024