MEXICO: Coca-Cola FEMSA agrees US$700m deal for Grupo Yoli

By | 18 January 2013

Coca-Cola FEMSA is to acquire debt

Coca-Cola FEMSA is to acquire debt

Coca-Cola FEMSA is to buy Mexican bottler Grupo Yoli in a deal valued at US$700m, subject to regulatory approval. 

FEMSA will get Yoli's two Coca-Cola bottling facilities and 20 distribution centres serving Acapulco and Ixtapa Zihuatanejo, the company announced yesterday (17 January). FEMSA will take on about MXN1bn (US$79.3m) in debt as part of the agreement, it said.

FEMSA will also acquire a further 10.14% stake in Promotora Industrial Azucarera to give it a 36.3% share in the Mexican sugar producer, while Yoli will receive about 42.4m FEMSA shares valued at MXN7.8bn. 

Carlos Salazar Lomelin, FEMSA's CEO said the transaction “underscores our commitment to continue expanding within Latin America”.

Last year, Yoli, which has 3,500 staff, sold about 99m unit cases and posted net sales of MXN4bn.

FEMSA has widened its horizons in the past few months. In December, it agreed to buy a bottler in the Philippines, its first acquisition outside Latin America.

Expert analysis

Coca-Cola FEMSA, S.A. de C.V. - SWOT, Strategy and Corporate Finance Report

Coca-Cola FEMSA, S.A. de C.V. - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials, and corporate actions, providing a 360° view of the company.

Sectors: Emerging markets – BRIC, Product launches

Companies: FEMSA

View next/previous articles

Currently reading -

MEXICO: Coca-Cola FEMSA agrees US$700m deal for Grupo Yoli

There are currently no comments on this article

Be the first to comment on this article

Related research

Mikuni Coca-Cola Bottling Co. Ltd. - Company Capsule

Canadean's "Mikuni Coca-Cola Bottling Co. Ltd. - Company Capsule" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, competitive benchmarking, ...

FEMSA (Fomento Economico Mexicano SA de CV) in Soft Drinks (Mexico)

FEMSA is the leading bottling company for The Coca-Cola Co in Mexico and globally. The company also manages a large retailing division under the OXXO brand with over 10,000 stores across the country and a beer products division that was acquired by H...

Carbonates in Costa Rica

As the carbonates competitive environment keeps changing, the Big Cola brand is consolidating its position among lower and even mid-income buyers, who are very attracted to the evident price differences in comparison with the leading companies. Altho...

Related articles

Analysis - Group Modelo to fare worse than Heineken after Mexico probe

Grupo Modelo is likely to be worse affected than its rival Heineken by the opening up of Mexico's beer market, according to an analyst.

MEXICO: Regulator welcomes anti-trust commitments from Heineken, Grupo Modelo

Mexico's competition watchdog has handed down its resolution to SABMiller's charges of monopolistic practices in the country's brewing sector.

just the Round-Up - The week in drinks

The top ten stories published on just-drinks last week:

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page