Mexico-based Coke bottler Arca Continental has struck a deal to snap up a vending business in the US.
The company, a bottler for Coca-Cola in the Americas, is to buy Tulsa-based Imperial.
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The financial terms of the deal, announced in a brief filing on the Bolsa Mexicana de Valores, were not disclosed.
According to the Imperial website, the company also supplies beverages to offices and on-site dining.
Just Drinks has contacted Arca Continental for further comment.
In March, the group said it was looking to bolster its production and distribution with 18bn ($883m) pesos of investment this year.
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By GlobalDataArca Continental is spending half the pot on its operations in its home market, with the rest “primarily” in the US.
At the time the business told Just Drinks is looking to open more distribution centres in Mexico and put investment into its factories in the US state of Texas. It said its investment plans for 2025 “primarily focus on our beverage business”.
In 2024, Arca Continental generated net sales of 237bn pesos, up 10.9% year on year. Volumes dipped 0.3% to 2.47bn unit cases.
Net income stood at 19.56bn, a rise of 11.8% on 2023.
The company generates 46% of its net sales in Mexico. In its domestic market, net sales reached 110bn pesos last year, an increase of 9.6%.
