Guatemala: FEMSA Pays $125 million for Bottling Plant

The Mexican company Coca Cola FEMSA has announced an agreement to acquire Comercializadora and Distribuidora Los Volcanes, for $125 million.

Friday, April 27, 2018

According to a statement issued by the Mexican company, the transaction was made through the subsidiary of FEMSA, Compañía de Inversiones Moderna. The company added in a statement that the operation will be on a free cash and debt basis, and has "the objective of raising opportunities to expand its business in Latin America."

See "Central America: Non-alcoholic beverages in 2017" reports that "... In an independent statement, the company announced an agreement to buy Atlantic Food and Beverage, through its subsidiary Compañía Inversionista en Bebidas del Norte, for $53.4 million."

See also: "Bottled water market in Central America"

"... Comercializadora y Distribuidora Los Volcanes operates in the southwestern zone of Guatemala, while the Food and Beverage operations of the Atlantic are located in the northeastern part of the Central American country."

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

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