Thursday, November 14, 2013

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Coca-Cola Femsa buy Brazilian company Spaipa | St. Louis Daily Pulse
Mexico, October 29 (EFE). - The Mexican firm Coca-Cola Femsa (KOF), considered the largest independent bottler of Coca Cola products in the world, announced today that it completed the acquisition of 100% of Brazilian Spaipa by 1.855 million dollars.
With the new acquisition, paid in cash, Coca-Cola Femsa said it will increase by 40% its sales volume to achieve a 39% of the total volume of Coca-Cola system in Brazil.
With this participation, the Mexican company will serve more than 66 million consumers. In addition, increased to 26% KOF participation in Food Leão, leading beverages tanger outlets park city in the country.
The company noted in a statement that in the twelve months prior to the end of June, Beverage Industry Spaipa Brasileira generated total sales of $ 905 million and EBITDA (earnings before interest, taxes, depreciation and amortization) 134 consolidated million.
Coca-Cola Femsa, which also produces bottled water, juice, tea and beer, has 67 bottling plants and serves consumers through 2.8 million distributors in the retail market with over 120,000 employees worldwide.
The bottling is part of the consortium Fomento Economico Mexicano (FEMSA), along with Femsa Comercio, Femsa Femsa Packaging and logistics, as well as an investment of 20% of the Dutch brewer Heineken.
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