Coca-Cola FEMSA Successfully Closes the Acquisition of Spaipa S.A. Industria Brasileira de Bebidas in Brazil
October 29 2013 - 5:31PM
Marketwired
Coca-Cola FEMSA Successfully Closes the Acquisition of Spaipa S.A.
Industria Brasileira de Bebidas in Brazil
MEXICO CITY, MEXICO--(Marketwired - Oct 29, 2013) - Coca-Cola
FEMSA, S.A.B. de C.V. (BMV: KOFL) (NYSE: KOF) ("Coca-Cola FEMSA" or
the "Company"), the largest franchise bottler of Coca-Cola products
in the world, announces that it has successfully closed the
acquisition of 100% of Spaipa S.A. Industria Brasileira de
Bebidas ("Spaipa") in an all-cash transaction.
Spaipa's strategic footprint is a perfect geographic fit which
links Coca-Cola FEMSA's operations in the state of Mato Grosso do
Sul and the state of São Paulo. This transaction will increase our
volume in Brazil by 40%, allowing us to reach 39% of the Coca-Cola
system's volume in the country. During the last twelve months ended
June 30, 2013, Spaipa sold 233.3 million unit cases of beverages,
including beer, generating approximately US$905 million in net
revenues and an estimated pro forma EBITDA of US$134 million.
Our combined territories will allow Coca-Cola FEMSA to serve
more than 66 million consumers -- a third of the population in
Brazil. In addition, Coca-Cola FEMSA will increase its
participation in Leão Alimentos, the leading non-carbonated
beverage player in the country, to 26%.
Coca-Cola FEMSA will start integrating the results of Spaipa as
of November 2013.
"This year we have been privileged to extend our leading
position in the Brazilian Coca-Cola bottling system, consolidating
a contiguous footprint and growing our family of employees. We
would like to thank the teams of both companies for their hard work
and dedication to close this transaction in a very short period of
time and ensure a successful integration going forward. Our
company's investments in this country have laid the foundation for
a stronger business that will be able to better serve our consumers
in the country," said Carlos Salazar Lomelín, Chief Executive
Officer of the Company.
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, the state of Paraná, 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 67 bottling facilities and
serves 338 million consumers through more than 2,800,000 retailers
with more than 120,000 employees worldwide.
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
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