Pepsi Bottling Group, which is itself 43%-owned by PepsiCo, intends to expand Pepsi-Gemex’s business in Mexico, the world’s second largest cola market after the US. However, the Mexican market is dominated by Coca-Cola, whose bottlers command a 72% share of the soft drinks sector. Pepsi brands have around a 19% share.
MEXICO: Regulator approves Pepsi-Gemex deal
Mexican regulators have approved the Pepsi Bottling Group's $1.25 billion acquisition of Pepsi-Gemex, the largest Pepsi bottler in Mexico.