BRAZIL: Coca-Cola FEMSA to buy bottler Spaipa Industria Brasileira de Bebidas
FEMSA has been in Brazil for 10 years
Coca-Cola FEMSA is set to boost its volumes in Brazil by around 40% with the takeover of independent bottler Spaipa Industria Brasileira de Bebidas.
FEMSA's board has approved the all-cash deal, valued at US$1.86bn, but await approval from Brazil's anti-trust authorities, the Mexico-based Coca-Coca bottler said on Saturday (31 August). FEMSA said it will also seek approval from the Coca-Cola Co.
Spaipa is the second-largest privately owned bottler in the Brazilian Coca-Cola system and operates out of southern Brazilian states São Paulo and Paraná, with four bottling facilities and seven distribution centres. Last year, Spaipa sold 236m unit cases, generating net revenues of about US$929m. Its acquisition will boost FEMSA volumes in Brazil by 40% and allow it to reach 39% of the Coca-Cola system's volume in the country, the company said.
“Despite the challenges that exist in the short-term market conditions, our long-term view is consistent with the momentum that we have built over a decade of operating in this country (Brazil),” FEMSA chairman José Antonio Fernández Carbajal said.
The deal follows FEMSA's agreement in July to buy Brazilian beverage maker Companhia Fluminense de Refrigerantes.
Product Synopsis This is a detailed report covering FEMSA Comercio’s store formats, private labels, history, key employees, and key financial and operational metrics in Mexico....
The Coca-Cola Co (TCCC) is the leading player in both soft drinks and in HW soft drinks. The company’s strength is based on its diversity of category presence from HW carbonates to RTD tea and bottled...
Is at-home carbonation set to be the next battleground for the soft drinks industry? Tom Vierhile from Datamonitor looks at the sides being taken....
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 a...
With challenges facing the CSD category at every turn, Euromonitor has spotted a surprise opportunity for producers, in some of the emerging markets of the World....
The Coca-Cola Company slightly underperformed the world’s soft drinks market amid the recession in Western Europe and slow economic recovery in the US. It is actively expanding in low calorie carbonat...
- No Home Comfort for TWE as Bids Collapse
- Treasury Wine Estates: Here I Go Again On My Own
- Bacardi Seeks Own History at Bombay Sapphire Home
- Will low-alcohol wines wither on the vine?
- Private-equity bids "over" - TWE head
- Diageo's Johnnie Walker hit by Travel Retail slump
- Carlsberg suspends production at Russian brewery
- Treasury Wine Estates pulls plug on takeover talks
- Quintessential Brands changes MD at Essential unit
- Mallya stays chairman at Diageo's United Spirits