Juicemaker Jugos del Valle, co-owned by the Coca-Cola Co and Coca-Cola FEMSA, is set to acquire dairy firm Santa Clara Mercantil de Pachuca, according to a regulatory filing.

Mexico's Federal Competition Commission is due to meet today (5 July) to assess the deal, according to the commission's website. Santa Clara Mercantil de Pachuca currently produces ice cream, milk, yoghurt, cream cheese and coffee.

If the deal completes, it could also see Santa Clara' presence increase in Latin America's biggest covenience store chain, Oxxo, which is owned by Coca-Cola FEMSA's parent company, FEMSA.

In 2007, Coca-Cola FEMSA and the Coca-Cola Co acquired Jugos del Valle for around US$370m.