Coca-Cola FEMSA Completes Acquisition of "Grupo Industrias Lácteas"

The Mexican Corporation Coca-Cola FEMSA announced it has completed the acquisition of Panama's "Grupo Industrias Lácteas", parent company of "Estrella Azul", "Conservas Panameñas" and "Plásticos Modernos".

Tuesday, March 29, 2011

This is Coca Cola's first foray into the milk and dairy industry, which is one of the largest and most dynamic segments of the non-alcoholic beverages market in Latin America.

The acquired company comprises three organizations dedicated to manufacturing and commercializing milk, yogurt, ice creams, juices and nectar, with 1.800 employees and yearly sales of $140 million.

Coca-Cola Femsa owns 30 bottling plants in Latin America and serves over 1,5 million retailers in the region.



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Sale of Large Enterprises: $105 Million in Taxes For Panama

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The sum amounts to the 5% tax collected from the sale of shares from BAC to AVAL Group and from Industrias Lacteas to Coca-Cola FEMSA.

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Coca-Cola FEMSA to Buy Panamanian Company

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The Mexican group Coca-Cola Femsa has signed a preliminary agreement to acquire all the shares of Grupo Industrias Lácteas.

This agreement includes a commitment of exclusivity in negotiations, subject to government approvals, authorizations and a complete corporate legal, financial and operational audit.

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