Envoy Solutions and BradyIFS successfully complete transaction
October 31 2023 - 4:16PM
Envoy Solutions and BradyIFS successfully complete transaction
Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the
“Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that
the transaction bringing together BradyIFS and Envoy Solutions has
closed successfully, after receiving the necessary regulatory
approvals.
The transaction combines the strengths and
complementary footprints of Envoy Solutions and BradyIFS to create
a strong customer-focused platform to effectively provide its
customers with high-value solutions, and its supplier partners with
excellent market reach, delivering more products and solutions in
more locations across the United States.
With this transaction, FEMSA continues to
deliver on its FEMSA Forward strategy.
ABOUT FEMSAFEMSA is a company
that creates economic and social value through companies and
institutions and strives to be the best employer and neighbor to
the communities in which it operates. It participates in the retail
industry through a Proximity Division operating OXXO, a
small-format store chain, and other related retail formats, and
Proximity Europe which includes Valora, our European retail unit
which operates convenience and foodvenience formats. In the retail
industry it also participates though a FEMSA Health, which includes
drugstores and related activities and Digital@FEMSA, which includes
Spin by OXXO and Spin Premia, among other digital financial
services initiatives. In the beverage industry, it participates
through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola
products in the world by volume. Across its business units, FEMSA
has more than 350,000 employees in 18 countries. FEMSA is a member
of the Dow Jones Sustainability MILA Pacific Alliance, the
FTSE4Good Emerging Index and the Mexican Stock Exchange
Sustainability Index: S&P/BMV Total México ESG, among other
indexes that evaluate its sustainability performance.
Fomento Economico Mexicano (TG:FOMA)
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