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.
Coca-Cola FEMSA, S.A.B. De C.V. (KOFL) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been ...
"Coca-Cola FEMSA, S.A.B. De C.V. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains...
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....
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....
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 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...
- Interview - Bacardi global marketing boss, whisky
- Has Coca-Cola Jumped From Frying Pan to Fire?
- Constellation grapples with glass as reality bites
- just The Preview - Carlsberg's Q2 & H1
- just The Preview - Heineken's H1 & Q2
- Diageo doubles intake for spirits start-ups scheme
- Second senior exec to depart Bacardi
- Diageo appoints head for Asia marketing unit
- Bacardi sees North America president step down
- Constellation recalls Corona over glass threat